Wednesday, March 6, 2013

Mortgage Relief Scams Still Going Strong

http://www.dailyfinance.com/2013/02/15/mortgage-relief-scams-still-going-strong/

In December, an elderly Kansas man was contacted by fraudsters posing as Bank of America (BAC) employees. They claimed his home was near foreclosure. Two months later, after he granted the con men access to his financial information, they made off with $110,000 of his money.

More than five years have passed since the mortgage bubble began to pop, and scammers taking advantage of homeowners still abound. And the criminals have become increasingly sophisticated, sometimes posing as legitimate government agencies offering mortgage relief programs, or as representatives of mortgage companies themselves.
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