The Wall Street Journal has an article pointing out that over the past year there has been an upsurge in companies who offer to help homeowners negotiate lower mortgage payments – in exchange for a fee, when these services are available for free. The buzz over the new regulations basically amounts to a commercial for their… Continue Reading
Tag Archives: foreclosure
Duped Homeowner Asked to Pay Fraudulent Debt
The New York Times posted a pretty hair-raising article today about a homeowner who is being asked by the FDIC to pay $150,000 of debt racked up by the company that allegedly deceived her. For the record, this is not someone who used her house as a credit card. She’s more of a salt-of-the-earth type of… Continue Reading
Foreclosure Rescue Scams on the Rise
At a recent office meeting our broker pointed out that he’s hearing more and more about scams involving people preying on homeowners in foreclosure. One of the methods is for someone to approach a homeowner who is facing foreclosure, and make an arrangement in which the owner signs their home over to them via a… Continue Reading