USA Today: Foreclosure rescue scams multiply
USA Today has this story Foreclosure rescue scams multiply.
A snippet:
States and the federal government are using new laws and lawsuits to fend off a wave of scams in which con artists prey on homeowners facing foreclosure.
The emerging foreclosure rescue scams, in which swindlers pledge to save the owner’s house, are likely to worsen, says Sharon Ormsby, the FBI’s chief of financial crimes. “The scope is probably going to be potentially as large as the mortgage fraud problem itself,” she says.
For those of you who live in Michigan, here is the link to Michigan’s Save the Dream campaign.
Posted: August 8th, 2008 under Financial Literacy, Foreclosure, In the News.
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