Category Archives: Mortgage Scam

Common Mortgage Scams and How to Avoid Them

February 4, 2014
By: cometrealty

During the recent housing crisis, scams became quite common. Here are some typical hoaxes, and advice on how to avoid being duped. 1. The Savior ScamIf you’ve ever been on the brink of foreclosure, you’re already well aware of the flood of letters, emails and phone calls you’ll receive offering to help save you from your situation. When homeowners fall behind on mortgage payments, the lender files a Notice of Default, making the mortgage troubles (and property address) public record. This makes the homeowner easy prey for…
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