Comments on: How Mortgage Foreclosure Scams Rip You Off

By: Lie of the Day: “Bankruptcy Won�t Stop Foreclosure For Troubled Borrowers” at Bankruptcy Law Network

Thu, 22 Feb 2007 01:52:42 +0000

[...] What bankruptcy does do is stop the foreclosure and give you up to five years to catch up your payments. Even if you’re unable to do so, it can still buy you time to refinance or get some more time to sell the house. So why the misleading headline? Look at who wrote the article: an equity skimmer�someone who buys the equity in your house for pennies on the dollar (see my article, How Mortgage Foreclosure Scams Rip You Off, that discusses equity skimmers in more detail). He wants people with financial problems to call him, so that he can make tens or hundreds of thousands of dollars of profit off of the home equity you worked so hard to build up. And Chapter 13 bankruptcy? It lets you keep your equity. [...]

By: Recent Article on Foreclosure Rescue Scams at Bankruptcy Law Network

Recent Article on Foreclosure Rescue Scams at Bankruptcy Law Network — Thu, 01 Feb 2007 13:26:55 +0000

[...] As reported in a recent article by AP reporter, Josh Funk, thousands of people each year are tricked into signing over ownership of their home to avoid foreclosure.� Please refer to this BLN recent post for tips to avoid such scams and to this BLN article describing the different foreclosure problems that face desperate consumers. [...]

By: Tips To Avoid Foreclosure Fraud at Bankruptcy Law Network

Tips To Avoid Foreclosure Fraud at Bankruptcy Law Network — Tue, 30 Jan 2007 22:51:56 +0000

[...] This article from Sign On San Diego is a terrific resource on avoiding a foreclosure rescue scam. As we discussed in a recent post, there are unscrupulous companies that prey on people facing foreclosure. It’s important to always try to think as clearly as possible when facing the loss of your home, and to avoid making a bad situation even worse. [...]