Are You Cash-Strapped? Avoid These 5 Potential Foreclosure Scams

If money’s tight, you’re probably looking for any way to get some cash and get it quick. But if you don’t do your homework, you could end up in a worse situation.

Scam artists prey on vulnerable consumers by making them think they have solutions to financial woes when they’re really just trying to take their money.

With consumer debt at a whopping $11.28 trillion, it’s easy to see why con artists try to take advantage of people in dire financial straits.

“When the economy goes into recession, these organizations and scam artists come out of the woodwork,” says Steve Bernas, president and CEO of the Better Business Bureau of Chicago and Northern Illinois. “People who need money are really grasping at any straw to stay afloat.”  Read more

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