Sunday, December 23, 2007

More: Avoid Foreclosure Scams

Mortgage scams are not only prevalent in rising real estate markets, but are common in falling markets as owners are desperate to avoid foreclosure. Freddie Mac has come out with a video about foreclosure scams that I would urge folks to watch.

Another complete summary of the many different types of mortgage fraud can be found here:
Let Me Count The Ways

I would urge everyone to be knowledgeable and avoid these scams. You don't even have to be financially troubled for solicitations to start arriving via mail and phone for these scams. Know what to look for and ditch the scammers.