I think it is unfortunate that there are people in the world that take advantage of desperate people in desperate situations. Think about it, someone has defaulted on their loan, they stand to lose their home, and then a fraudster comes in, says give me some money and I will fix it, however, they do absolutely nothing. It's shameful!
The NUMBER 1 RULE when searching for someone to help you with mortgage relief is: Pay Nothing Up Front. (That is the law. Period.) Under NO circumstances should you pay anyone to assist you with a loan modification or bail you out of your foreclosure. There are "straw buyers" out there that basically artificially inflate the value of the property for appraisal purposes, then has their straw buyer buy the property, then they promise the borrower can buy the property back. I don't know how anyone doesn't see "red flags" all over this scenario. Well, if you don't, hopefully you will look for the warning signs.
Just remember, if something sounds too good to be true, it usually is. Sorry to be a dream killer. :-)
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