Home Foreclosures: 17.2.1 Generally
Foreclosure rescue scams are various types of schemes targeted at homeowners already facing foreclosure and in financial distress.13 When homeowners have significant equity in their homes or when property values are appreciating, foreclosure rescue scams often focus on obtaining title to the home and robbing homeowners of their equity. When homeowners have little equity, scams center on squeezing upfront fees—often thousands of dollars—from borrowers.