( Mortgage Relief Scams – Article ) ( Articles ) ( Mortgage Relief Scams ) Mortgage Relief Scams Mortgage Relief Scams have become increasingly prevalent, particularly during economic downturns and times of financial uncertainty. These scams prey on vulnerable homeowners who are seeking assistance to avoid foreclosure or lower their mortgage payments. Understanding the signs […]
Category: Mortgage Relief Scams
Mortgage Relief Scams are fraudulent schemes that target vulnerable homeowners seeking assistance to avoid foreclosure or reduce mortgage payments, often during economic downturns. Common types include advance fee scams, phony counseling services, and forensic loan audits, with red flags such as guarantees of results, pressure tactics, and upfront fees. To protect yourself, it’s essential to do thorough research, consult HUD-approved housing counselors, avoid paying upfront fees, stay informed about your rights, and report any suspicious activities to the Federal Trade Commission (FTC). Awareness and education are crucial in safeguarding against these deceptive practices.