“Rescue Companies” 2
November 26th, 2008 Posted in Real Estate
Image Source: assets.aarp.org
The Illinois Attorney General further warned the public of the “title taking scheme”. Con artists would persuade homeowners(especially the older ones) to sign the title of their home over to them, the home rescue fraud scammers, who will then sign it back to them (the owners) after their credit is repaired or after the home’s value increases. Of course, by the time they realize what is axtually going one, they have already lost everything. The Illinois Attorney General has offered her services to prevent homeowners from having their homes foreclosed. Her office has provided the public with a list of counseling centers where homeowners are given a step by step guide to prevent foreclosure to their home and a website where consumers can access her Mortgage Rescue Fraud Brochure. Finally, she implored consumers to do away with “mortgage rescue” companies but instead use the helpline her office provided to prevent the occurrence of fraudulent mortgage-related transactions.
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