Foreclosure Attorneys Serving California & Arizona

Foreclosure Rescue and Modification Scams

It is unfortunate that certain unethical businesses and individuals would choose to strike a homeowner when he or she is most vulnerable - in the face of foreclosure. When served a notice of foreclosure, some homeowners may become desperate and may be deceived into working with a company or individual who promises to "rescue" them from foreclosure. Foreclosure rescue and loan modification scams are sweeping California and Arizona, and homeowners need someone they can trust.

A foreclosure defense lawyer at Stockton Law Offices can help. If you or someone you know has been victimized by a foreclosure rescue scam, our legal team can represent your interests and protect your rights as a consumer as we seek compensation for your losses.

Common Foreclosure Rescue Scams

Foreclosure scams target those who are already suffering from overwhelming debt, who are facing foreclosure. After offering to save a home, some scammers then turn around and steal the home from the person they promised to assist. Others may collect numerous large fees for "services" which were actually never provided. Following are the three main forms of foreclosure rescue scams we see today:

  • Bait and Switch: this particularly heinous scam involves a homeowner being tricked into signing away his or her home, while the scammer says that he or she is signing loan documents that will solve everything.
  • Bailout: a "bailout" scheme typically involves offering a homeowner a way to get rid of the home - for the time being. The scammer may buy the home from the homeowner and say that they will rent the property until the homeowner can buy the property back, but the end result is that the homeowner is never able to buy back the property and that the scammer gets all the equity in the property.
  • Phantom Help: a person or company offers services to help with basic phone calls and paperwork which the homeowner could have completed him or herself, charging exorbitant fees and often actually achieving no result in order to stop foreclosure from occurring.

Get the help you need to seek justice after suffering from a foreclosure rescue scam or modification scam. Contact a California or Arizona foreclosure scam attorney at our firm today for a free consultation.

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Arizona Office:
8655 E. Via De Ventura   Suite G200   Scottsdale, Arizona 85258

California Office:
16480 Harbor Boulevard   Suite 101   Fountain Valley, California 92708

Phone: (866) 682-8776   Fax: (866) 207-4082