Victims Of A Foreclosure "Rescue" (Growing Scam)

[RamboLiberal]

Source: CBS News

Annie Stephens, a 70-year-old grandmother, has lived in her Atlanta home for 40 years.

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But after suffering a stroke, she found herself unable to work — and unable to pay her bills.

"Once you get behind, it's hard to catch up. Hard," Stephens said.

Within days of foreclosure, Stephens was overwhelmed with ads promising instant relief, an easy way out.

They proved anything but. She says a con artist claiming he'd help refinance her home instead stole it, then stripped away tens of thousands of dollars in equity.


Read more: http://www.cbsnews.com/stories/2007/07/13/cbsnews_investigates/main3057178.shtml

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I listened to Clark Howard explain this scam tonight on the radio. As he said, how can these scum "look at themselves in the mirror?"