I have just been reading a report on FORBES regarding scams that are taking advantage of people who are losing their homes in a Foreclosure. Although this is not what Dean is teaching us, it will have a negative effect when we approach people to help them out of their foreclosure situation.
Delinquent homeowners looking to break free from default notices are getting tricked by brokers promising to save them from foreclosure, only to make off with thousands in fees or what home equity is left.
These scamers are setting up deals that rob the homeowner rather than help them out. There are even government agencies starting to crack down on these scamers which is a good thing, but will it effect us as well?
See the article at this link: http://www.forbes.com/forbeslife/realestate/