Watch out for the worst kind of humanity – scammers who prey on vulnerable homeowners facing foreclosure. These scammers often identify themselves as working on the behalf of a “foreclosure rescue company”.
Two red-flags that suggest homeowners are dealing with scammers:
1) The foreclosure rescue company, organization or individual promises that they can save the homeowners property. Of course there will always be a hefty fee attached to this “service” somewhere along the process.
2) The foreclosure rescue company guarantees that they can work out a loan modification with the homeowner’s bank. Again a fee will requested from the scammer.
In either scenario, guarantees and promises are worthless.
The Federal Trade Commission (FTC) provides additional tips on recognizing foreclosure scams at: http://www.ftc.gov/bcp/menus/consumer/credit/mortgage.shtm
The FTC advises homeowners who are at risk of foreclosure or who are behind on their mortgage payments, call: 1-888-995-HOPE. This free service offers counseling services through the non-profit Homeownership Preservation. Counselors are Housing and Urban Development (HUD) certified. Their official website is www.hopenow.com
Michelle A. Potter
Denver Realtor
Remax Professionals
Michelle Potter, Realtor in DenverDenverRelocationBroker.com
303-489-4035
5280 Magazine "5 Star Denver Real Estate Agent"






