We noticed a very informative page on the Settlement Scams web site that explains foreclosure avoidance scams that are popping up due to problems in the mortgage industry. It’s a pretty long article but we recommend it. According to the author one key part of foreclosure avoidance scams is making the homeowner think they are talking to their own mortgage company, while the mortgage company thinks the homeowner is avoiding them. Check out their article here.
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This article, Foreclosure Avoidance Scams, is just one of our articles from our Mortgage Crisis Daily
The Subprime Mortgage Crisis Before, During, and After
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