Yes. Homeowners struggling to make payments on their mortgages and other debts should beware of con artists and scams that promise to save their homes and eliminate their debts.
Scammers may call themselves foreclosure or mortgage consultants and may use public notices or lists of distressed borrowers purchased from private companies to find their targets. Scammers may advertise that they can prevent foreclosures or rescue desperate homeowners from foreclosure. They may email, call, or even visit distressed borrowers.
Financially troubled homeowners can avoid foreclosure prevention scams by working with housing counselors approved by the U.S. Department of Housing and Urban Development (HUD). Assistance from HUD-approved housing counselors is free and available at an interactive voice system at (800) 569-4287 or at a housing counseling agency near you.