Tuesday, December 23, 2008

Portland Cops Warn Homeowners Facing Foreclosure Of Shady Offers Of Help

A recent CNBC.com story contained this blurb on how one police department is getting involved in an attempt to protect its residents from foreclosure rescue / loan modification scams:
  • The situation has gotten so bad that, in some cities, the state police are getting proactive. Local police in Portland, Ore. now automatically send a letter to homeowners who enter foreclosure warning them that they will be inundated with shady offers of help.

Source: Don't Become a Victim of These Mortgage Scams.

In a related story, see Rescue Me (A Portland Cop is targeting foreclosure vultures) (‘Mortgage Rescue’ is really aggravated theft, says Portland, Oregon cop. “What these people are doing is a crime,” she says).