What is a foreclosure rescue scam?

A foreclosure rescue scam is when a scammer tries to take advantage of a homeowner who is facing foreclosure. The scammer will promise to help the homeowner keep their home by providing an alternate form of payment that will keep them from being foreclosed upon. However, the scammer will ask for an upfront fee, and then will disappear with the money without ever helping the homeowner. Foreclosure rescue scams are very common in Massachusetts. Scammers are always looking for ways to take advantage of vulnerable homeowners who are facing foreclosure. Homeowners should be aware of any promises made by someone who claims to be able to help them avoid foreclosure. They should always research any promises made to them to make sure they are legitimate before giving any money. If a homeowner is facing foreclosure, they can contact their local Massachusetts Housing Court office or the Massachusetts Attorney General’s Office for advice on how to protect themselves against foreclosure rescue scams. They should also contact the Federal Trade Commission (FTC) if they suspect they are being scammed. Homeowners should always remember to never pay any fee or money upfront and to always get a written agreement before making any payments.

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What is a foreclosure rescue scam?

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