Monday, October 11, 2010

Weekly Fraud Alert: Foreclosure Counselor Impersonators

Phony counseling or foreclosure rescue scams: The scam artist poses as a counselor and tells the homeowner he can negotiate a deal with the lender to save the house from foreclosure, but only if the homeowner pays an upfront fee. The “counselor” may even tell the homeowner not to contact the lender, a lawyer, or another housing counselor and that he’ll handle all details. He also may insist the homeowner make all mortgage payments directly to him while he negotiates with the lender.

Source: Dallas Morning News

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