Community /

Blogs


The opinions expressed in these blogs are solely those of the people who wrote them, and do not represent the views of WPSU or Penn State University.

Housing Crisis

Foreclosure Scams

Posted by Cathy Faulcon Bowen on 08/11 at 10:22 AM

“Kick them while they are down” may be the motto for scammers who try to profit from homeowners’ misfortune when a foreclosure is starring them in the face.

Anyone about to lose their most valuable material possession, a home, MIGHT do anything to keep it. If an advertisement for keeping your home out of foreclosure sounds too good to be true, it probably is. 

Two signs that a company is trying to fatten their purse while making yours leaner are: (1) They ask you to pay a fee BEFORE any work is done and (2) They guarantee that they can stop the foreclosure.

When should you walk away from a potentially dangerous situation? Listen to stories of real people who avoided scammers and learn more about foreclosure rescue scams on Money Matters.

Author: Cathy Faulcon Bowen
Bio:

NO COMMENTS

Leave a Comment

Commenting is not available in this section entry. « Texting While Driving is No Joke Avoiding Foreclosure Workshops »

Most recent entries

Jamie Oberdick's avatar Final day of the season for two popular farmers market
Friday, November 21, 2014
By Jamie Oberdick in Local Food Journey
Anna Lombardo's avatar Shrubs are an “old-fashioned drink for modern times”
Thursday, November 20, 2014
By Anna Lombardo in Local Food Journey
Jamie Oberdick's avatar
Monday, November 17, 2014
By Jamie Oberdick in
Jamie Oberdick's avatar This weekend get great local food at Harrison’s and help fight diabetes
Friday, November 14, 2014
By Jamie Oberdick in Local Food Journey

Categories

Archives

Latest Photos