New Freddie Video Dramatizes Foreclosure Rescue, Equity Stripping Scam

Freddie Mac announces:

• Can a custom made video posted to YouTube keep troubled borrowers from losing their homes to fraud artists? Freddie Mac aims to find out.

• One of the nation's largest investors in residential mortgages, Freddie Mac decided to produce an Internet video dramatizing a common foreclosure fraud scheme after a new survey found one in four delinquent borrowers go to the Internet before their bank or lender for information about avoiding foreclosure. Freddie Mac's anti-fraud video can be found at http://www.youtube.com/AvoidFraud.

For more from Freddie's press release, see Foreclosure Fraud: Freddie Mac Warns Borrowers with Video Dramatization on YouTube.

For Freddie's description of two common mortgage schemes, equity stripping and cash back scams, see Avoiding Mortgage Fraud.

Go here for links to other YouTube mortgage fraud videos.