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Foreclosure Fraud YouTube Video |
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Written by Administrator
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Monday, 27 July 2009 |
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Foreclosure Fraud YouTube Video
Freddie Mac's two-minute YouTube video uses professional actors to demonstrate how con artists can:
- Get copies of foreclosure notices at City Hall or a county courthouse;
- Persuade distressed borrowers to give up the deeds in exchange for suspicious promises to solve their financial problems;
- Use the deeds to secure new loans for themselves; and,
- Let the new loans go into foreclosure, which means the homeowners looking for help can still end up losing their house.
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