Beware of foreclosure rescue scams | The Frugalista

Beware of foreclosure rescue scams

by frugalista on July 27, 2009

The Federal Trade Commission is warning homeowners who are facing foreclosures to be wary of shady companies.

There are rogue companies who are ripping off money from homeowners who defaulted on their mortgages. Here's a video you should watch if you are facing foreclosure or you know someone who is dealing with it. It features people targeted by foreclosure rescue scams and advises homeowners in distress that free help is available from the Homeowner’s Hope Hotline at 888-995-HOPE (888-995-4673).

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