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Florida Office of Financial Regulation Offers Consumers Tips on Avoiding "Foreclosure Rescue" Scams

9/6/2007

FINANCIAL SERVICES COMMISSION
Office of Financial Regulation
 
FOR IMMEDIATE RELEASE
September 6, 2007
 
CONTACT:  Holly Hinson
PHONE NUMBER:  (850) 410-9709
 
TALLAHASSEE – The Office of Financial Regulation announces the enhancement of their website - www.flofr.com - to include helpful suggestions on Avoiding “Foreclosure Rescue” Scams.  This new website provides suggestions to help people avoid becoming a victim of fraud.  Consumers can access this information from a link on our homepage Tips on Avoiding Foreclosures, Delinquencies and “Foreclosure Rescue” Scams. 
 
Don Saxon, Commissioner of the Office of Financial Regulation wants consumers to realize that “Foreclosure Rescue” scams are on the rise in Florida and they should be wary of solicitations that offer to assist you in stopping or preventing the foreclosure of your home. 
 
Foreclosure proceedings are a matter of public record, so anyone can easily find people who are having financial difficulties and prey on them.  Unscrupulous foreclosure “rescue or prevention” companies claim they can “Stop Foreclosure Now” or “Save Your Home”, but in reality they may be trying to steal your home, not rescue your home. 
 
Commissioner Saxon said to be cautious of foreclosure “rescue or prevention” companies that:
 
• Tell you NOT to contact your lender.
• Ask you to make your home mortgage payments directly to them – not your lender.
• Ask you to transfer your property deed or title to them.
• Promise to “save” your home and your credit.
• Claim they will help you file bankruptcy to stop your home from foreclosure.
 
For more helpful tips on Avoiding Foreclosure, Delinquencies and Foreclosure Rescue Scams please visit the Office of Financial Regulation’s website www.flofr.com, or if you think you may be a victim of a scam, call us at 800-848-3792.
 
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Please visit our website at www.flofr.com or call us toll free within Florida at 800-848-3792 or directly at 850-410-9898.