Look out for the newest scam if you happen to be behind in your mortgage payment and some one offers to bail you out.

Here is how the scam works. The home buyer gets behind on mortgage payments. The scam artist offers a “loan to get caught up” on the delinquent mortgage payments. In exchange for the rescue, the homeowner signs over the title to the predator, who promises that the home buyer may remain in the home while paying rent. The predator then sells the house to someone else, and the original homeowner gets an eviction notice.

If you are having problems it would be better to contact a real estate professional and get some good advice before acting.

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