Health Insurance Scams: Foreclosure ‘help’ Part Ii? Posted By: Michael Brewer
It’s a sad reality, but when a national crisis takes hold, so too does shady figures willing to create a business opportunity.
Last year, when home foreclosures and unemployment created the perfect storm for American Dream melt-down for many Americans, business licenses were also hitting record highs. Many of them were issued to “foreclosure specialists,” attorneys and legal defense funds with questionable integrity looking to cash in on desperate homeowners with seemingly nowhere to turn but the first billboard or web banner ad promising to save their homes. And cash in they did.
Usually the scam went something like this: Homeowner behind on payments calls toll-free number. Seemingly caring professional promises to help, sometimes giving false guarantees that they won’t be forced out of their homes. Homeowner sends certified check to foreclosure firm at temporary post office box as a “retainer,” held until foreclosure firm begins negotiations with mortgage company. Check received by firm. Phone number disconnected. Web site removed. Homeowner savings gone, Sheriff arrives at front door.health insurance companies affordable health insurance
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