2 Plead Not Guilty In Foreclosure Scam
Saturday, April 19th, 2008 If you are a distressed homeowner looking for options to save your property, read the following story and watch the video from NBC 4. There are many scam artists out there. I applaud Channel 4 for covering the story and explaining how this particular foreclosure fraud works. These fraudsters would pretend to renegotiate the loan for the distressed homeowner and charged a fee. The homeowners were left with no renegotiated loan and lost their home to foreclosure.
It always pays to do research on anyone you might do business with. This is even more important for anyone dealing with real estate and foreclosure transactions. This story is just one example of how someone offering to help you can make you lose your home and steal your equity.