Bankruptcy Foreclosure Scams
Homeowners who are facing serious problems making their mortgage payments often turn to bankruptcy, debt-negotiation firms, and other agencies to help them organize their debts and obligations and help regain financial stability. Unfortunately, there are individuals who prey upon people in serious financial trouble, and may look to scam them out of even more money and assets.
A common scam that has arisen in recent years is the bankruptcy foreclosure scam, which can cause serious damage to a person’s financial wellbeing. If you are considering filing for bankruptcy, consult the experienced Boston bankruptcy attorneys of Joshua Spirn & Associates at 1-800-975-5346.
Bankruptcy Foreclosure Scam Details
Bankruptcy foreclosure scams often involve some or all of the following characteristics:
- Scam operators may place advertisements on flyers, bulletin boards, and local newspapers advertising help refinancing your mortgage. They may also search foreclosure listings and offer their services directly to troubled homeowners.
- The operators typically promise help obtaining mortgage refinancing for the homeowner to help them keep their home with lower monthly payments.
- Depending on the nature of the scam, some homeowners are asked to make monthly payments to the individuals operating the scam, or may be asked for the deed to the home so they can make the payments on behalf of the owners.
- Oftentimes, the individuals will keep the money paid to them and may file for bankruptcy on behalf of the homeowner without their knowledge.
People who have been taken in by such scams often lose significant amounts of money and may even lose their home to foreclosure. It is important to entrust your financial future only with businesses and agencies that you can trust, and it is wise to thoroughly investigate the credentials of any agency that you are planning to work with.
Contact Us
If you are considering filing for bankruptcy, contact the experienced Boston bankruptcy attorneys of Joshua Spirn & Associates at 1-800-975-5346 to discuss your financial situation.
