Scammers Target Homeowners

Scammers Target Homeowners
As Foreclosures Increase

By Lingling Wei
From The Wall Street Journal Online

As the number of foreclosures rises, homeowners unable to make their mortgage payments are facing another growing threat: "foreclosure rescue" scams.

State and federal authorities say they are investigating an increasing number of homeowner complaints about fraud and deception by companies that engage in lending to financially distressed borrowers seeking to avoid foreclosure. Several states have recently passed or are contemplating new laws to provide more protection against dishonest businesses trying to take advantage of already vulnerable homeowners. Read the article here

Have a great day!
Lynne