Monday, March 16, 2009

Tips for Avoiding Foreclosure Scams(Federal Reserve)
"...Solicitors of foreclosure schemes reach out to potential victims by a variety of means using the Internet, the telephone, and direct mailings. Some solicitors go door-to-door or approach homeowners at events related to home preservation. The information the Federal Reserve is providing, which is part of its "5 Tips" series, is intended to give consumers the basic information they need to recognize and avoid foreclosure avoidance scams. Consumers are urged to check the credentials of counselors and to avoid working with someone who collects a fee before providing any services or accepts payment only by cashier's check or wire transfer. Consumers should not pay for a service without knowing exactly what they are buying..."

2 comments:

Anonymous said...

Lets not wait for Obama to handle this crisis.As what we all say, future is in our hands.Act up!

Anonymous said...

I agree. lets all act as one and not depend our future in only one man.