Boston Bankruptcy Attorney

Scammers and Foreclosure

Foreclosure becomes more common when the economy takes a dip. Unfortunately, this means that scams surrounding foreclosure also become more common. This is a terrible thing, but you can avoid these scams by looking for certain signs.

Foreclosure scams tend to be lumped in three basic categories. These are as follows:

House Stealing

In this method, the scammers will find some way to get the owner to give them the house. This is a great way for the scammer to take advantage of the homeowner.

Sale and Leaseback

When foreclosure is imminent homeowners may look for any way in which they can keep the house. Scammers will often play off of this, offering to buy the house and lease it back until the owner can buy the house back. However, the scammer will often make it impossible for the owner to repurchase the house.

Fees without Service

Through this method, the scammer will assume the role of a foreclosure consultant. Through this role, the scammer will charge fees for services that the homeowner could have easily done on his or her own.

To avoid these scams, it is important to remember that actual foreclosure consultants will never contact you. You must seek them out on your own. In addition, signing you home away to some unknown person is never a legitimate option.

Speak with a Boston Bankruptcy Lawyer

If you are facing foreclosure, there are ways to avoid it. However, you have to find these ways for yourself. The solution will not seek you out. For more information on how to stop foreclosure, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.