Home Foreclosure Scams: Foreclosure Consultants — Beware!

Scared homeowners facing foreclosure are prime targets for foreclosure scam artists. But, many municipalities are cracking down on them. This is especially true in those states and cities hit hardest by foreclosure (eg, California).

According to the Sacramento Business Journal article, Foreclosure consultants must register with the state:

. . . foreclosure consultants must register with his office and post a $100,000 bond . . . [those] who fail to comply, will face one year in jail and as much as $25,000 per violation.

This is good news because, as was discussed in the last post here, Foreclosure Services Needed More than Ever as Foreclosures Top 1 Million So Far This Year, foreclosures are increasing, which means the victim pool is only getting wider. 

P.S.: Learn how to easily modify your home mortgage and put the stress of possible foreclosure behind you.

P.P.S.: Find Foreclosure Jobs! Did you know that you can find a foreclosure job with a simple click of your mouse? You can using Foreclosure Business News’ new job search portal. It’s just to the right here. You can search by job title, category, keyword, city and/or state. Find your dream job in this exciting real estate niche today!

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