How the scam works:
(with video below) Can bankruptcy stop foreclosure? Deed in lieu of foreclosure? Are you asking yourself these questions? Scammers posing as foreclosure specialists get the trust of their victims by promising they will save their houses. For high fees, which usually range from $500 to $2,000, the criminals guarantee the homeowners that the foreclosure process will stop as soon as they follow their “professional advice”, handing over paperwork "necessary" for the process of filing for bankruptcy.
The truth is yes, the foreclosure process really stops, but what the victims don't know is that it has only stopped for a short period of time, a month or two, as per the course of the process. They are in fact, still in trouble.
Watch the video below to learn must-know tips on how you can avoid foreclosure scams.
How to avoid the Does Bankruptcy Stop Foreclosure scam:
If you ever consider filing for bankruptcy, do it only with the help of a reputable bankruptcy attorney. Research the “experts” reviews and don't trust their testimonials. Educate yourself a about foreclosure law. A little bit of reading goes a long way. You might not learn how to stop a foreclosure overnight, but it will give you a good idea if someone is trying to scam you. If you want to stop foreclosure now, you should start researching the mortgage foreclosure process the second you finish this second.
How to report the Does Bankruptcy Stop Foreclosure scam:
Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
How to protect yourself more:
If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.
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