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As Foreclosures Rise, Fraud Cases Balloon

Equity scammers take advantage of ignorant, desperate owners

By Katherine Thompson,  Newser Staff

Posted Sep 22, 2008 1:03 PM CDT

(Newser) – Running parallel with spiking foreclosure rates, so-called “foreclosure rescue scams” have reached epic proportions, and many state and local agencies aren't equipped to fight back, MSNBC reports. Companies that promise to help floundering property owners keep their homes and avoid the stigma of foreclosure...   Read full story »

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