Articles about Foreclosure Scams

Foreclosure Scam Stories

Monday, May 5th, 2008

More and more house owners who were and are victims of foreclosures are coming out with foreclosure scam stories. Many companies came forward with rosy promises of helping to prevent foreclosures but ultimately nothing happens except that the victims find themselves poorer.
The story of Chantae Grandsberry of Brooklyn Center is one of many. She was [...]

Illinois Foreclosure Scammers

Monday, April 28th, 2008

The story of Dorothy Galbreath and foreclosure scammers is just one of the many dotting the scene – the stuff out of which novels are woven speaking of the times.
Doroth, a bus driver, had been married for long 43 years when death took away her husband. He had built her a house in University [...]

Hennepin Sues Foreclosure Scamming Firm

Wednesday, April 23rd, 2008

The Attorney General of Hennepin stated that some consulting firms have been duping foreclosure victims with promises of help. Six firms located outside the state have been charged by Hennepin County District Court. Injunction is being sought to prevent them from continuing with their business in Minnesota while the court proceedings are in progress. In [...]

Foreclosure Scammers Increasing

Wednesday, November 14th, 2007

As foreclosures are increasing so too are scammers. Smart talking rescue teams promise to save the house and ultimately walk away with the purses of their clients.
As the numbers rise a trend and pattern can be noticed. This has led BBB or Better Business Bureau to give out gloomy warnings that with more foreclosures in [...]

Foreclosure Scammers Face The Dock

Monday, November 12th, 2007

A resident of
Springboro, Randall Webb, has been awarded a 20 year jail term as well being slapped a fine of $250,000 even after pleading guilty to a single count of mail fraud for making false help promises to foreclosure victims in Cincinnati and Dayton. He set up a firm named American Foreclosure Group LLC charged [...]

Foreclosure Rescue Scammers Causing Concern

Monday, October 22nd, 2007

It is happening right across the country. Foreclosures are being closely tracked by rescue vultures, who in the name of saving victims actually worsen the situation. The house goes in any case and together with it goes much needed cash. Thus warning signals are being sent to house owners across USA.
The number is staggering [...]

Foreclosure Scammers Licking Chops – Beware!

Thursday, September 27th, 2007

In the raw the jackals and vultures move in when the big predators have had their fill. It seems to be the same today in human society – and that too in America. Victims facing foreclosures are in a traumatized state – ready to clutch at any straw of hope. They cannot think rationally and [...]