Avoid Mortgage Rescue Scams

In today’s economic environment many homeowners are facing the real threat of losing their homes and out of desperation may grasp at any solution to remedy their problems. Beware of potential mortgage rescue scams. These companies will claim they can save your credit rating and home by working as an intermediary and collect upfront fees for services it never provides. The Illinois Association of Realtors recently published an article outlining this type of scam and consumer remedies. The article also includes Mortgage Fraud/Foreclosure resources. These include talking to your local lenders, real estate agents and/or attorney.