We all know that foreclosures and short sales are on the rise. Here in Pike and Wayne County we are seeing many more “REO” and foreclosure properties than in times past. As more and more homeowners find themselves “upside down” with their home, many are desperate; fear of losing their home may cause them to grasp at any straw that comes along.
Teresa Boardman, a REALTOR in St. Paul MN, has written an excellent article warning homeowners against so-called “Foreclosure Rescue” schemes.
We’ve heard their ads on the radio, on TV; we’ve received their spam in our inboxes; we’ve seen their convincing ads online.
If you or someone you care about is facing foreclosure, please take a minute and read Teresa’s article before signing up with some shyster promising you the world…what you may end up may be a world of TROUBLE.
Foreclosure photo courtesy of respres, via Flickr Creative Commons.