FORECLOSURE SCAMS

By Kent Berk on April 4th, 2010 in BLOG, FRAUD

In the face of the poor real estate market, scammers are pursuing new ways of taking advantage of consumers. Most recently, there have been numerous reports of scams involving loan modifications and short sales. While there are legitimate companies, others demand relatively huge up front fees and guarantee results that are impossible to guarantee. Beware, these companies may not be legitimate and may just be taking your money. Consult an attorney or visit the Arizona Attorney General’s Foreclosure Resource Center for more information.