With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure rescue companies” claim they will help save your home, but in reality are out to make a profit -- at your expense.
Posted in our Blog: Red Flags for Foreclosure Rescue Scams
From the California Association of Realtors, It describes the warning signs of foreclosure scams and the different resources available to homeowners who have been victimized by such scams.
Report Fraud
If you have been a victim of a foreclosure-related scam or approached by a scam artist, you may report the incident to the following organizations and government enforcement agencies:
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California Attorney General: http://ag.ca.gov
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California Department of Real Estate www.dre.ca.gov
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Department of Housing and Urban Development (HUD) www.hud.gov
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Federal Trade Commission (FTC) www.ftc.gov
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Your local Better Business Bureau www.bbb.org
Legitimate Resources
If you are at risk of foreclosure or have already received a foreclosure notice, you should contact your lender immediately.
Homeowners also may seek the advice of a reputable housing, financial or credit counselor, attorney, or other qualified professional.
Homeowners may visit the U.S. Department of Housing and Urban Development (HUD) Web site at http://www.hud.gov/ to view its Guide to Avoiding Foreclosure and its list of California HUD-approved housing counseling agencies. In addition, the non-profit Homeownership Preservation Foundation has a 24/7 toll-free Homeowner’s HOPE Hotline at (888) 995-HOPE.
