Police believe some homeowners may have fallen victim to a foreclosure “rescue and lease back” scam in which scam artists pose as foreclosure rescuers and deceive homeowners facing eviction into believing that they can move back into a home that has been foreclosed upon even after a court has ordered their eviction, according to police.
The scam artists record documents such as fraudulent deeds, police said.
Individuals and businesses offering mortgage-foreclosure consulting, loan modification and foreclosure-assistance services are required by law to register with the state attorney general’s office and post a $100,000 bond.
Loan modification consultants and businesses are not permitted to charge up-front fees for their services, police said.
Residents can verify a person or company offering foreclosure assistance by visiting http://ag.ca.gov/loanmod.