A “ FORECLOSURE PREVENTION SPECIALIST”
These scams involve someone taking large fees up front to negotiate with your lender and “save your home.” There is no need to pay someone to speak to your lender on your behalf – most lenders will work with you directly to help you save your home.
THE LEASE / BUY BACK
Homeowners are tricked into signing over the deed to their home based on promises that they will be able to remain in the home as a renter and buy the home back later. Generally, the terms of the lease are so difficult that homeowners are rarely, if ever, able to repurchase their homes.
BAIT & SWITCH
Homeowners are tricked into signing over the deed to their homes because scammers convince them they are only entering into a new mortgage agreement.