Scammers Set Sights on Desperate Homeowners

Calif. AG: Be 'deeply skeptical' of offers to help refinance

By Matt Cantor, Newser Staff

Posted Mar 16, 2009 2:00 PM CDT

(Newser) – A record 5.4 million homeowners across the country are behind on their mortgages, and scam artists are looking to cash in, the San Francisco Chronicle reports. Ads offering help lowering mortgage payments are everywhere. But these "loan negotiators" usually provide services that homeowners... Read full story »

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Scammers Set Sights on Desperate Homeowners

Calif. AG: Be 'deeply skeptical' of offers to help refinance

housing market • scam • mortgage rates • refinanced mortgages • economic stimulus package • mortgage delinquency • foreclosures

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More Newser Stories

Home Repos Hit Recession High

US on track for 1M foreclosures this year

Mortgage Defaults Top 1M, Keep Rising

Even those with lowered payments are defaulting

'F@$%! I Wish I'd Refinanced My House'

With mortgage rates rising, homeowners regret not acting sooner

Mortgage Rates Hit 3-Month High

Housing and consumer-spending rebound hopes endangered

Foreclosures Rose 24% in First Quarter

Rate expected to rise through the summer

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