How does the cost of living crisis contribute to an increase in foreclosure fraud?

The cost of living crisis exacerbates financial strain on homeowners, intensifying their vulnerability to foreclosure fraud. As they grapple with rising expenses for essentials like housing, healthcare, and groceries, their financial resilience diminishes. Desperation sets in, making them prime targets for fraudulent schemes that offer false promises of foreclosure relief. With limited resources and mounting pressure to maintain their homes, these homeowners are more likely to entertain deceptive offers, unaware of the risks involved. Thus, the cost of living crisis creates fertile ground for predatory actors to exploit the precarious financial situations of struggling homeowners through foreclosure fraud tactics.