... And The Scams Just Keep On Coming

For some unscrupulous types, troubled times represent an opportunity to take advantage of people when they are at their lowest. In today's Boston Globe, reporter Eileen AJ Connelly reports on yet another type of scam that is being perpetrated against homeowners in financial trouble. This new industry of "foreclosure rescue companies" purports to offer troubled mortgagors assistance in working out loan modifications. They disseminate written materials which look like official IRS or governmental communications but in fact are not. These companies prey on unsophisticated homeowners who may be grasping at any way to keep from losing their homes. The full article can be found here:
http://www.boston.com/business/personalfinance/articles/2009/05/29/if_youre_in_trouble_with_your_mortgage_beware_of_those_who_offer_to_help/

Once again, let the buyer beware. Don't be fooled!