Foreclosure scams

Beware of anyone who...

  • Demands upfront fees
  • Guarantees to stop your foreclosure
  • Asks for payment by wire or cashier's check
  • Tells you not to contact a lawyer or your lender
  • Asks you to send mortgage payments directly to them
  • Proposes you sign over or "share" your property deed or title
  • Suggests a lease-and-buyback arrangement
  • Proposes that he or she fill out paperwork for you
  • Pressures you to sign documents without reading or that you do not understand
  • Requests Power of Attorney

For more information: www.ftc.gov/bcp/menus/consumer/credit.shtm. Click on "Mortgages/Real  Estate," then "Foreclosure Rescue Scams."

Source: Federal Trade Commission

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