Foreclosure rescue scheme

[1][2] There are various ways in which foreclosure rescue schemes work, causing different types of harm to the homeowners, but all ultimately with the likely end result of the owner being forced out of their home and losing even more money.

Foreclosure rescue schemes are typically advertised in a variety of informal settings, such as roadside signs.

The final result is eviction from the house with zero equity paired with greater financial loss to the victim.

In these cases the situation can be similar to the other schemes with the original owner being offered the option to rent the property with a future buy back.

As for the other schemes in a scam situation the terms of any tenancy or buy back may also be set to the gross disadvantage of the original owner.