The growth in the foreclosure inventory in the real estate market has created a clique of scamsters who prey on those facing mortgage payment problems. You must be careful about falling into their clutches - it could lead to huge unnecessary loses.
There is a great deal of misinformation being circulated about ways to avoid foreclosure and an increasing number of homeowners are receiving emails and phone calls that seem to offer advice on the best solutions to their problems. Many of these fraudsters are very sophisticated and can fool people into thinking they are legitimate companies and even government agencies that try to help homeowners facing financial problems. Those who fall for these offers end up losing far more than they should have and are placed in a position where recovery takes far longer than it needs to.
The best policy is to not respond to any unsolicited mails or phone calls. An offer of help that seems to good to be true usually is just that. However, if you are tempted to follow up on any, do a detailed background check on the people contacting you before taking any steps in dealing with them. And even if the checking you do appears to be satisfactory, insist on references and testimonials that you can verify.