As the number of foreclosures has increased, so has the number of foreclosure-related scams targeting consumers. Homeowners are urged to avoid counselors who charge an up-front fee, and should check the organization's credentials prior to signing any contracts or paying any fees. It is also important that you be careful not to become a victim of mortgage fraud.
Scam Prevention Websites
The Federal Reserve Board of Governors released this list of tips and resources to help consumers avoid becoming victimized by foreclosure scams, locate a reputable housing counselor, and report suspicious activity.
You can also find information about scam prevention on the Oregon Dept. of Consumer & Business Services, as well as other information based on specific state statutes and resources for individuals facing foreclosure.
To learn about how to identify, prevent and report mortgage fraud, visit StopFraud. gov.
To check credentials, search for them on the State of Oregon's Division of Finance and Corporate Securities site.