Buyer Beware: Tips for Avoiding Scams

By Sadie Bass

Jul 23, 2009 6:24pm

Brian Ross’ report on World News tonight sheds light on the hundreds of scam artists trying to take advantage of Americans facing foreclosure.  Brian revealed details about an organization called the Nation’s Housing Modification Center that convinced homeowners to send cash through the mail for quick foreclosure help.  ABC News discovered that the Washington DC address the firm was using was a UPS store on Pennsylvania Ave, and the organization was actually located across the country in San Diego.  It housed a telemarketer boiler room where employees contacted desperate homeowners and coaxed them from a tailored script.

To protect yourself, be wary of anyone asking for money in advance or claiming a 100% success rate.  If they claim they’re connected with the government or tell you to pay them instead of your mortgage – call the FTC.

For more information about Brian Ross’ report, click HERE.

And for more tips to avoid scams click HERE and HERE.

You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus