How the scam works:
(with video below) Let's say you're in a situation where the bank is on the verge of foreclosing your home. You're frantically searching for ways to refinance so the payments are affordable, and they're off your back.
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Luckily, you stumble upon a foreclosure expert company on the Internet. You contact them, and they say they're willing to help save your house, for a fee: a few hundred, or thousand, dollars.
They tell you they can help you, but first, the property needs to be in their control to get you through the process. They ask you to sign over the deed to the house with the promise of future financial stability – something you've been struggling for years to achieve.
What you don't know and certainly don't expect is that you will lose your house for good. By signing over the deed, you have no legal claim on the property. Worse yet, you paid these crooks to steal your house. This isn't specific only to scammers – "friends" and acquaintances could also try to pull this over on you.
Tips For Avoiding Foreclosure Scams Video
How to avoid the Stop Foreclosure scam:
Never sign over the deed to your house. No good will come of it and you only stand to lose.
How to report the 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:
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I was scammed by a man named David S. Shelton for a loan to keep my house from going into foreclosure. I had to come up with money 2 times. Send them a money gram, and a one of the payments went to a Woman named in Pennsylvania for another money transfer. I was then asked for 850.0o for tax id, anti drugs, anti terrorism support and federal taxes for South Africa in Nigeria. I was desperate. I am still losing my home, and lost close to 1000.00. He said he was member of the Church of Christ, and that he was a family man the whole big speel…. Please do not trust anyone from Africa, or Nigeria or any where for that matter that wants money up front. THEY ARE ALL SCAMS. I also tried to use (Go Fund me) this is also a scam. No help for anyone that really would benefit , just teens wanting acting careers, and new cars. Don’t trust any of the Loans for Bad or poor or Fair credit… I don’t care if it sounds good or not.. If it sounds too good to be true then it is. Be careful..Dont end up spending money, that could have been used for bills and food for some dirt bag that sells you a story that they care. They don’t.
I was scammed by a man named David S. Shelton for a loan to keep my house from going into foreclosure. I had to come up with money 2 times. Send them a money gram, and a one of the payments went to a Woman named in Pennsylvania for another money transfer. I was then asked for 850.0o for tax id, anti drugs, anti terrorism support and federal taxes for South Africa in Nigeria. I was desperate. I am still losing my home, and lost close to 1000.00. He said he was member of the Church of Christ, and that he was a family man the whole big speel…. Please do not trust anyone from Africa, or Nigeria or any where for that matter that wants money up front. THEY ARE ALL SCAMS. I also tried to use (Go Fund me) this is also a scam. No help for anyone that really would benefit , just teens wanting acting careers, and new cars. Don’t trust any of the Loans for Bad or poor or Fair credit… I don’t care if it sounds good or not.. If it sounds too good to be true then it is. Be careful..Dont end up spending money, that could have been used for bills and food for some dirt bag that sells you a story that they care. They don’t.
We consulted in Lonnie Smith of Legend consultants out of desperation because we were losing our home. He is a total scam and ripped us off of $2000. after making false claims and promises he stopped returning our calls. We should have read the BBB report and rating. He has an "F" rating with the better business bureau. He is scamming off people who are in desperate need of help and have no where to turn. He had us wire him money, we put our total trust in him and he took our money and ran. Karma will get him one day and it’s going to be huge!
Scammed by:
Lonnie Smith
528 S. Third St.
Tipp City, OH 45371