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Mortgage Rescue Scam

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What is the mortgage rescue scam?

Your accountholder is being hurt by loss income and now the bank may be getting ready to foreclose. Instead of talking to the bank for help they answer an advertising notice that x company will provide financing to save them. The scammers will charge the accountholder a months mortgage payment or more and tell the person not to talk to the bank they will handle the problem. Sometimes the scammers will have people sign paperwork that will actually transfer ownership of the property to the criminal.


Learn more about Barry Thompson and Robert Hyde’s webinar

Loan Fraud: Detection and Prevention

First published on 07/26/2020

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