Tag Archive | “nothing but scam”

Mortgage Scams Grow as Crisis Continues

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Probably the letter is identical to a government form. It seems that the logo may be official. The Web site address may sound like an agency that provides you help.

But there are good chances that they all are nothing but a scam.

Foreclosure crisis has given rise to fake foreclosure rescue companies

The ongoing mortgage foreclosure crisis has given rise to a cottage industry of so-called ” foreclosure rescue” companies. But the people are warned by the advocates and government officials that a significant number are little more than fraudulent operations that are aimed to separate distressed homeowners from their money, and sometimes their houses as well.

Mortgage Houses2

Several types of these companies have emerged as the mortgage meltdown accelerated; this has been said by Gary Almond of the Better Business Bureau in Los Angeles, one of the areas where mortgage housing crisis has hit hardly.

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