Foreclosure Scams to Watch Out For
Homeowners facing foreclosure are often targeted by scammers promising quick fixes. Knowing the warning signs can help you protect your home, your credit, and your finances.
Common Foreclosure Scams1. “Guaranteed Stop Foreclosure” Promises
2. Upfront Fees for Loan Modifications
3. Deed Transfer or “Title Rescue” Schemes
4. Fake Government or Lender Affiliations
5. Pressure to Stop Communicating With Your Lender
6. Rent-Back or Buy-Back Scams
How to Protect Yourself
Our Commitment to Consumers We do not promise to stop foreclosures or offer loan modification services. Our role is to educate consumers, protect their rights, and help them avoid scams while focusing on lawful credit repair strategies.
👉 Get Your Credit Evaluation Today
Homeowners facing foreclosure are often targeted by scammers promising quick fixes. Knowing the warning signs can help you protect your home, your credit, and your finances.
Common Foreclosure Scams1. “Guaranteed Stop Foreclosure” Promises
- No company can legally guarantee stopping a foreclosure
- Only your lender or a court can approve loan changes
- Scammers use urgency and fear to pressure quick decisions
2. Upfront Fees for Loan Modifications
- Charging fees before services are performed is often illegal
- Legitimate housing counselors are typically HUD-approved and low-cost or free
- Paying upfront does not improve approval odds
3. Deed Transfer or “Title Rescue” Schemes
- You’re asked to sign over your deed temporarily
- Scammer promises to “hold” the home while fixing finances
- Many homeowners lose ownership permanently
4. Fake Government or Lender Affiliations
- Scammers claim ties to HUD, banks, or government programs
- Official programs never ask for payment to apply
- Logos and letterheads are often copied or misleading
5. Pressure to Stop Communicating With Your Lender
- Being told to ignore lender notices or calls
- Missed deadlines can accelerate foreclosure
- Real professionals encourage direct lender communication
6. Rent-Back or Buy-Back Scams
- You’re told you can sell your home and rent it back
- Promises to repurchase later are rarely legitimate
- Homeowners often end up evicted
How to Protect Yourself
- Work only with HUD-approved housing counselors
- Never pay upfront fees for foreclosure relief
- Get agreements in writing and review them carefully
- Verify licenses, accreditations, and reviews
- Talk to a housing attorney or nonprofit counselor before signing anything
Our Commitment to Consumers We do not promise to stop foreclosures or offer loan modification services. Our role is to educate consumers, protect their rights, and help them avoid scams while focusing on lawful credit repair strategies.
👉 Get Your Credit Evaluation Today