More good news on a dreary day: Today Massachusetts Attorney General Tom Reilly announced that his office is investigating “several individuals and businesses who allegedly target homeowners by offering to ‘rescue’ them from foreclosures, but instead trick them into deeding over their property.” He urges homeowners who think they have been victims of a foreclosure “rescue” scam to call the Consumer Hotline at 617.727.8400.
His office also issued a consumer advisory warning homeowners not to fall victim to mortgage foreclosure scams.
“Families in Massachusetts are being squeezed on all sides – from soaring gas prices to utility and health care costs.” AG Reilly said. “Now as foreclosure rates are going up, we’re hearing complaints about companies taking advantage of people who are trying to save their homes. Consumers need to be careful. I urge homeowners facing foreclosure to talk with licensed professionals, including lawyers and real estate professionals, before entering into any agreement or arrangement involving their home.”
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