Delaware Homeowner Victimized In Foreclosure Rescue Scam

In Delaware, The News Journal reports a story of a Wilmington homeowner facing foreclosure who had a "smooth talking savior" appear at her front door offering to bail her out from foreclosure. The foreclosure rescue operator talked the homeowner out of $600 and a signed deed to the home in exchange for a purported promise allowing the homeowner to buy back the home through a 25-year "installment sale". The homeowner found out that the arrangement was a scam when, about a month later, someone from the mortgage company came to her door, told her the house would be sold at a sheriff's sale and offered her $1,000 to move out. For more, see This conference may save your home (Public foreclosure notices invite con artists masquerading as saviors).