Nevada is one of the leading foreclosure markets in the world and when there are desperate people there are those there to take advantage. Las Vegas real estate foreclosures are primarily causing much of the real estate slump in Nevada which means that you must be most careful and aware of the frauds going on. Forbes.com uncovers some of the most recent frauds facing homeowners who are in default headed for foreclosure.
These frauds range from companies promising services to save you, getting a service fee upfront, and then disappearing, to even getting homeowners to turn over the title to their homes and then being evicted. The article wisely states that there are never any guarantees or miracle fixes to your situation. You are strongly advised to talk with your local Las Vegas real estate agents to get a real idea of what your options are. There are a great many things that you can do to save your home and lessen the trauma of the situation. Confide in a Realtor who you know will give you sound advice and explain the benefits of their services.