Officials are warning homeowners about alleged scams by some self-proclaimed “home savers” as foreclosure activity increases. According to reporting, foreclosure filings are rising, prompting regulators and law enforcement to remind residents to be cautious of anyone offering to stop a foreclosure or modify a mortgage. The warnings focus on people who claim they can help but may demand upfront fees, misrepresent their ability to negotiate with lenders, or provide services that do not prevent foreclosure. While the accounts vary in details, the consistent theme across sources is that these “home saver” operators take advantage of homeowners’ financial stress and may use deceptive marketing to attract clients. Authorities encourage homeowners to verify the legitimacy of any company or individual, confirm whether a helper is authorized or connected to their lender or servicer, and seek guidance from reputable housing counselors or government resources. The reports emphasize that homeowners should be wary of offers that promise guaranteed results or require payments before any meaningful work is completed.
Officials warn homeowners as foreclosure filings rise and “home savers” face allegations
Officials are warning homeowners about alleged scams by some self-proclaimed “home savers” as foreclosure activity increases. According to reporting, foreclosure filings are rising, prompting regulato...
- Foreclosure filings are reported to be increasing.
- Officials warn homeowners about alleged scams by people calling themselves “home savers.”
- Some alleged operators market foreclosure-stopping help while taking advantage of vulnerable homeowners.
- Authorities advise homeowners to verify credentials and legitimacy before paying for help.
- Homeowners are directed to seek assistance from reputable, authorized housing counseling resources.
With data showing foreclosure filings are on the rise, officials are warning homeowners about alleged scammers who operate under the guise of offering help.
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