| || |
FORECLOSURE RESCUE SCAMS
- A distressed homeowner surrenders title to an 'investor', believing, based on the promises of the foreclosure rescue crook, that he/she will be able to buy the home back from the investor at a later date.
- The crook tells the distressed homeowner that the 'investor' has a better credit rating and will get new financing to prevent the foreclosure.
- The homeowner eventually loses the house and crook walks off with the rent and equity.
Return to Real Estate Fraud Unit Page