ARE YOU THE NEXT TARGET OF A SCAM?
Attempts to scam people out of their hard-earned money are nothing new, but with technological advancements, scammers are becoming more sophisticated. Learning how to quickly spot these scams will prevent you from becoming their next unsuspecting victim.
The Top Six Scams are Mortgage Fraud, Unauthorized Credit Card Charges, Overpayment Scams, Identity Theft, Insurance Fraud and Computer Intrusion Scams.
Stay informed to stay protected-Here are a few preventive measures and tips you need to know to avoid becoming a victim of a scam:
Mortgage Debt Elimination Schemes- be aware of e-mail or web-based advertisements that promote the elimination of mortgage loans, credit cards and other debts, while requesting upfront fee to prepare documents to satisfy the debt.
Foreclosure Fraud Schemes- prepetrators mislead homeowners into believing that they can save their homes in exchange for a transfer of the deed and upfront fees. The perpetrator profits from these schemes by remortgaging the property or pocketing fees paid by the homeowner without preventing foreclosure.
Predatory Lending Schemes- beware of lenders who tell you that they are your only chance of getting a loan or owning your own home, and avoid "no money down" loans. This is a gimmick used to entice consumers to purchase property that they likely cannot afford or are not qualified to purchase.
CENTURY 21 ALAIMO & CORRADO