FTC On Foreclosure Rescue Scams

The Federal Trade Commission has issued a Consumer Fact Sheet that describes the types of foreclsoure rescue scams financially strapped homeowners should be aware of. Among the points covered are: (1) How the Scams Work, (2) Phony Counseling or Phantom Help, (3) Bait-and-Switch, (4) Rent-to-Buy Scheme, (5) Bankruptcy Foreclosure, (6) Red Flags.

For more, see Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress.