 |
Subscribe / Renew |
 |
Contact Us |
| ► Subscribe to our Free Weekly Newsletter | |
Construction Bids
| home | Welcome, sign in or click here to subscribe. | login |
Real Estate
The Real Estate Adviser |
Subscriber content preview
May 3, 2007
The Real Estate Adviser: Foreclosure rescue scams on the rise
By TOM KELLY
Real Estate Editor
Real Estate Editor
Are the usual suspects returning to mortgage-related scams as a result of the sub-prime lending fallout? Does the practice of illegal “foreclosure rescue” operations extend even into the second-home market?
It always seems that when a large group of consumers are in trouble with their home finances, bad guys come around to help the unsuspecting homeowner dig their hole a little deeper. The latest attempt at the age-old practice of equity skimming is foreclosure rescue where scammers peruse county records to find properties that face foreclosure for nonpayment of mortgages or taxes.
. . .
To read this story in full login or purchase a subscription.
Previous columns:
- The Real Estate Adviser: Be clear on rules for selling second home, 04-26-2007
- The Real Estate Adviser: Long-term investors should look at homes, 04-19-2007
- The Real Estate Adviser: These days, it's sellers who hire an inspector, 04-12-2007
- The Real Estate Adviser: Let's not hammer all the subprime lenders, 04-05-2007
- Real Estate Advisor: Can't sell? Then try divine intervention, 03-29-2007
- The Real Estate Adviser: Four reasons real estate beats stock investments, 03-15-2007
- The Real Estate Adviser: Beware the pitfalls of seller financing, 03-08-2007
- The Real Estate Adviser: Off season best time to shop for 2nd home, 03-01-2007