Short Sale Scammers Abound

More homeowners than ever are being approached by those proffering fraudulent foreclosure rescue services, according to the National Short Sale Center.

The types of fraud circulating include sale-leasebacks, quitclaims, stripping homeowner equity, and misleading homeowners into signing over deeds. And with the administration's mortgage relief initiatives and its recent push for modifications, dozens of bogus companies with official-sounding names and fake Web sites mimicking the fonts and layouts of government sites claim to help struggling homeowners modify their mortgages.