Nebraska AG Warns Homeowners On Foreclosure Rescue Scams

In Nebraska, The Grand Island Independent reports:

• It's a world of consumer beware. As people struggle to make house payments and keep their homes out of foreclosure, scam artists are popping up to prey on them. "If any company claims it can stop foreclosure if you sign a document appointing its representatives to act on your behalf, beware," Nebraska Attorney General Jon Bruning said. "You could lose your home and your equity." [...] In an effort to help protect homeowners, Bruning supports the Department of Banking and Finance's proposed legislation that would provide protection to homeowners dealing with foreclosure. The bill regulates foreclosure consultants and equity purchasers, plus adds a criminal penalty for violations, according to Bruning's office.

For more, see Attorney general warns vulnerable consumers to beware of scam artists.