Category: Foreclosure Relief Scams
Foreclosure Relief Scams are deceptive schemes that exploit homeowners facing foreclosure by promising to prevent the loss of their property through fraudulent or ineffective means. Scammers often offer to negotiate with lenders, modify loan terms, or provide financial relief for an upfront fee or personal information. In reality, these scammers either do nothing to help the homeowner or use the opportunity to steal money and sensitive information. Such scams prey on individuals during a vulnerable time, exacerbating their financial distress. To avoid these pitfalls, homeowners should seek assistance from reputable, government-approved foreclosure counselors and be wary of offers that require payment before services are rendered.