Home > Buying a home, Mortgages, Selling a home > Governor Rell Warns about foreclosure rescue scams

Governor Rell Warns about foreclosure rescue scams

With a report today announcing that home foreclosures across the nation soared to an all-time high in the final quarter of last year, Governor M. Jodi Rell offered advice to help homeowners avoid becoming the targets of foreclosure rescue scams.

 

“The first thing you should do if you are having trouble paying your mortgage is to call your lender,” Governor Rell said. “Don’t be fooled by companies that offer to work with your lender on your behalf. These companies do not offer to do anything that you cannot do yourself – and they charge for their services.

 

“These so-called ‘foreclosure prevention specialists’ usually charge hefty fees in exchange for making a few phone calls or completing some paperwork that a homeowner could easily do for himself. To make matters worse, none of the actions result in saving the home.”

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