Foreclosure or pre-foreclosure scams?


Question:
Recently I heard on news that an individual came to a couple who were about to foreclose on their home and told them that he can help them get out before foreclosure took place, save their credit & at same time he make small profit.

Later on, after couple agreed, that individual took & pocked the equity out of couple's home, left the debt for the couple to pay, and disappeared. Or something to that affect.

How did this individual do this? What form did the individual make couple sign? Did the individual use a shortsale tactic by any chance? Cause I was thinking about enrolling in either Russ Whitney or Robert Allen's 3 day program & just occured to me that their training might teach people how to scam other people in distress. Or is their training different? Is short sale legitimate way to help people & at same time make a small profit?
HE DID NOT DO IT FOOL - IT IS AN URBAN MYTH - THESE THINGS DO NOT HAPPEN
More Related Questions & Answers...
  • What is the foreclosure process ?
  • Questions about buying a specific home and foreclosures?
  • Anyone know anything about foreclosure?
  • Foreclosure..?
  • I live in Alabama. My home mortgage was in my husbands name. It is in foreclosure. Am I also responsible?
  • What are the new laws that came out july 1st about foreclosure and realestate?
  • If the lender is owed more money than the lien I have on a house, can I still get a foreclosure stopped?
  • How to save my house from foreclosure?
  • Good site for researching foreclosures?
  • Arizona home foreclosure list?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic