CNNMoney On Foreclosure Rescue

CNNMoney.com ran an online story today on foreclosure rescue scams, which among other things, summarizes some of the tactics used by those offering services to financially strapped homeowners, and recounts an experience of one Columbus, Ohio homeowner who did business with Foreclosure Assistance Solutions ("FAS") an upront fee foreclosure rescue operator. Coincidentally, FAS is one of the six foreclosure rescue operators that Ohio Attorney General Marc Dann has filed civil lawsuits against (See Ohio AG Conducts Foreclosure Rescue Sweep; Hauls Six Upfront Fee Operators Into Court).

Included in the article is an anectdote of a Brooklyn, New York homeowner who fell prey to an equity stripping scam.

For more on today's CNNMoney article, see Foreclosure fallout: Rescue scams (Scammers are taking advantage of mortgage holders at their most vulnerable: when they're about to lose their homes).