Foreclosure Homes Source

Foreclosure Connections Blog Articles And Foreclosure Information

Foreclosure homes information and articles. Find the latest news and foreclosure information on the real estate market.




4 arrested in San Diego Scam



San Diego police arrested four people related to a gigantic foreclosed home scam that tricked 400 home owners into paying rents and fees to a San Diego based group. The scam was based on a false foreclosure rescue plan where home owners would pay a fee to the company with the promise of help on getting their homes back, but the company did nothing to prevent the foreclosures.

Foreclosure Scam

The mortgage crisis is becoming more and more of a business to scammers. People facing the threat of losing their homes are more vulnerable than the average and that’s why so many scammers succeed. As the crisis grow the mortgage fraud has been rising with it, and it is becoming a rising concern for law enforcement. The schemes discovered so far would either promise investors with easy money, or promise help to homeowners facing foreclosure, but other schemes are emerging. Special Agent Keith Slotter from The FBI said that this should be seen as a warning and people should be aware of the schemes to avoid getting caught by false promises.


Email This Post Email This Post    Print This Post Print This Post

Enter your email address:

Delivered by FeedBurner


Are You Looking For Foreclosure Properties For Sale?


OR Search By Zip Code
within

Foreclosures For Sale


Foreclosure id: 1273674
Atlanta Foreclosure - 30318
Fulton County, GA
BD/BH: 4/4
$168,500.00
Details

Foreclosure id: 1251885
Houston Foreclosure - 77095
Harris County, TX
BD/BH: 3/2.5
$84,100.00
Details

Foreclosure id: 1164236
Burbank Foreclosure - 91506
Los Angeles County, CA
BD/BH: 3/2
$486,500.00
Details