Help Home Owners Avoid Foreclosure Rescue Scams
Home builders and home builders associations can provide a valuable community service and build goodwill by sharing new government resources aimed at helping troubled home owners avoid being taken in by scammers who are looking to make a quick buck.
With the economy in recession and the national unemployment rate reaching 9.5% in June, so-called “foreclosure rescue companies” have been emerging to prey on people who are having trouble paying their mortgages, promising to help stop a foreclosure on their home.
In response to this growing problem, the Federal Trade Commission (FTC), the nation's consumer protection agency, has produced resources in English and Spanish to help home owners learn to recognize scammers and to let them know where they can obtain free help. ...