How do foreclosure rescue scams operate, and how can homeowners protect themselves?
How do foreclosure rescue scams operate, and how can homeowners protect themselves?
Foreclosure rescue scams operate by deceiving homeowners into transferring property titles under false pretenses, often promising foreclosure relief. To protect themselves, homeowners should consult reputable housing counselors or attorneys and exercise caution with unsolicited offers. These scams typically exploit homeowners' financial distress, enticing them with false hopes of saving their homes while ultimately causing further harm. By seeking professional guidance and remaining vigilant, homeowners can mitigate the risks associated with foreclosure rescue scams and avoid falling victim to fraudulent schemes designed to exploit their vulnerable situations.