Monday, July 6, 2009

Beware of foreclosure frauds

We all have heard about "mortgage fraud", but now we will all hear about "foreclosure fraud". There are groups of organized criminals who are all keeping close watch on the foreclosure listings in your area in the hope of taking your money as well as your home. As there is a boom in the real estate markets and high price appreciation, there has been a considerable increase in the "foreclosure rescuers". When the homeowners take an unwise decision and plans against foreclosure, they become the target of these so-called rescuers.
To know more about it then click on the video and I am sure it is going to help you to be more cautious about these frauds.


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