What is a reverse mortgage? Reverse mortgages, also known as home equity conversion mortgages (HECM), have increased more than 1,300 percent between 1999 and 2008, creating significant opportunities for fraud perpetrators. What are reverse mortgage scams? Reverse mortgage scams are engineered by unscrupulous professionals in a multitude of real estate, financial services, and related companies [...] Read more »
Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress
The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help you save your home. Some are brazen enough to offer a money-back guarantee. Unfortunately, once [...] Read more »