Homeowners: How to detect foreclosure scams

Foreclosure is in the news and so are companies promising to save homeowners from this financial nightmare.  As a homeowner facing foreclosure how can you avoid being duped by the scam artists emailing, calling and advertising to save you from your situation?  

A new article from Nora J. Carpenter, executive director of the Better Business Bureau serving Southwest Idaho and Eastern Oregon, gives four tips to homeowners who who are considering working with a mortgage foreclosure rescue company. The tips from Carpenter are rooted in her experience with victims of these companies and an increase in the number of complaints being filed with the Better Business Bureau.

Take a few minutes to read through the article.  If you have any experience or tips on dealing with mortgage foreclosure rescue companies, I invite you to comment.

Posted by Rebecca D. Levinson