I'm constantly amazed at how creative people are. Unfortunately, many times that creativity is used for evil instead of good. In the last few years mortgage loans have been made to buyers who probably should not have gotten those loans. Now they find themselves in a position where they are finding it difficult to make their payments and facing forclosure.
Now comes the creative part - there is an increase in forclosure scams.
"The emerging foreclosure rescue scams, in which swindlers pledge to save the owner's house, are likely to worsen, says Sharon Ormsby, the FBI's chief of financial crimes. "The scope is probably going to be potentially as large as the mortgage fraud problem itself," she says....click here for the entire article.
If you find yourself in a situation where you cannot make your mortgage payments, contact your lender immediately. Most lenders want to work with you, they do not want your house. If you find that you need to sell your home.....contact a Realtor that has training in Short Sales.
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