FTC Video On Foreclosure Scams

October 3, 2009 · Posted in News For Homebuyers

Mortgage foreclosure rescue scams are everywhere. Above is a video from the FTC about these rescue scams. The video provides real stories like the one where a couple paid a $500 deposit, $3000 soon after and the result? “That took my money and did nothing”. About 2/3rds the way through the video, we learn who the FTC recommends. Go to HopeNow.com or call 888-995-HOPE or 888-995-4673 the Homeowners Hope Hotline.

A couple of interesting tidbits, Look at the Google Results for “Foreclosure Rescue”. The FTC link comes in at #3, while an apparent for profit company comes in at #1. This FTC page doesn’t even rank for the search term “Foreclosure”.

So how about YouTube? The FTC did post this there under FTCVideos, but it only has 2,545 views. A for profit site in this sector has over 13,000 views.

If you want to help this video get watched, feel free to add it, to promote it, link to it, etc.

Here’s the link:

Foreclosure Rescue Video

http://www.ftc.gov/multimedia/video/credit/mortgage/hope-now.shtm

After all, a scammed consumer is not going to be a great real estate consumer in the future. Once bitten, twice shy.