In this video press release, Assemblyman Gary S. Schaer (D-Passaic) discusses his legislation to protect homeowners in jeopardy of foreclosure from ‘foreclosure rescue’ scams perpetrated by unscrupulous lenders and consultants. The measure (A-281) – the “Foreclosure Rescue Fraud Prevention Act” – would establish specific practices that foreclosure consultants and other purchasers of distressed property would have to adhere to when contracting with New Jersey homeowners on the brink of …

Filed under Videos by on . #

Terrified of losing your home to foreclosure?

Perhaps you’ve been searching for information everywhere on what you can do to stop it. There’s a great deal of data online about how you can stop foreclosure and the alternatives available to you. Quite a few books and websites offer exhaustive information on the subject and can be a real help in walking you through various options.

Unfortunately, the sheer anonymity offered by the web has made it an ideal haunt for scam artists interested in siphoning off your money under the pretext of helping you rescue your home from foreclosure. There are quite a few websites that are little more than online storefronts for these scammers out to make a quick buck.

It’s easy to get sucked in by the promises they make since their sales pitch will usually contain photographs of ecstatic homeowners whose homes have been saved thanks to the foreclosure rescue specialist. These sites may offer audio clips of people describing their experience, in addition to the fake testimonials.

If something sounds too good to be true, the liklihood is it’s probably a scam. Your instincts are there for a reason — Pay attention to them. It’s easy for scammers to rip people off before anyone catches on to them and transfer their storefront to another domain name at the first sign of trouble. It can be almost impossible task for authorities to pinpoint and shut down these outfits. They’ve usually disappeared by the time anyone makes a complaint.

Pay attention to the following tips to avoid being scammed online:

1) Never surrender any information like your credit card details, social security numbers and other personal information to any website promising to rescue you from foreclosure. You might be asked to submit all this information for the foreclosure rescue company to review your situation and your credit history. Don’t submit this information at any cost.

2) Check to see whether complaints pop up against the business by doing a search on the company or individual’s name, along with search strings that include words such as scam, complaint, fraud etc.

The best way to avoid being scammed is not conduct any financial transaction online involving foreclosure rescue. Find an offline foreclosure rescue outfit that you can interact with face to face which has an actual office that you can go to and personnel or help-lines that you can interact with. This will give you an added layer of security as opposed to interacting with unknown people on a site or email address.

Filed under Scam Alert by on . #

Filed under Videos by on . #

ForeclosureRescueAlert.com uses a Custom Wordpress Installation powered by Semiologic Pro.
Login