"According to the federal department of Housing and Urban Development (HUD), an estimated three million families have already lost their homes to foreclosure since 2007. But, the worst may still be ahead; analysts now predict that as many as eight million more Americans could face foreclosure by 2012.
With so many desperate homeowners looking for solutions, a new kind of consumer fraud has found a ready-made market. Families fighting for their homes and financial survival can be gullible to shady businesses that promise guaranteed mortgage modifications or a halt to foreclosures already in progress. Oftentimes, aggressive sales pitches to troubled homeowners claim that serious financial problems can go away as soon as payment of an advance fee is made. Other solicitations call for sharing personal financial information over the phone or online to quickly solve a housing dilemma"..........LINK
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