Recognizing and Avoiding Real Estate Foreclosure Scams

October 27, 2007 (PRLEAP.COM) Business News
Alton, NH – Thousands of people are attending real estate foreclosure seminars to learn how to take advantage of the record number of real estate foreclosures and the desperate homeowners facing bankruptcy and financial devastation.

Now there is a free report designed to help homeowners who are facing foreclosure by exposing the con artists and their foreclosure scams.

Michael Callaghan of RockSolid Financial LLC offers a free report on his web site, “Recognizing and Avoiding Foreclosure Scams,” which is available as a free download at http://www.AssistedRealEstateSolutions.com

“Believe it or not, you do have options other than selling your home at fire-sale prices to scam artists. They know there are other ways to solve your problems, but all they are interested in is to take the equity in your home and leave you with nothing,” said Callaghan.

How do people fall prey to such scams?

“How you respond to a crisis such as foreclosure often helps determine your outcome,” said Callaghan. “Some people respond with denial. They assume that if they ignore the problem it’ll go away on its own. Other people sit back and hope for a miracle. Still others will get angry and look for someone to blame. But eventually the crisis doesn’t go away. It gets larger and closer as time goes by. Ultimately the individual is faced with a problem that’s suddenly too big to ignore any longer. They become desperate. They become targets.”

When a home begins the foreclosure process the homeowner begins to receive phone calls and letters from dozens of so-called “foreclosure specialists.” Callaghan says there are three things that a foreclosure scam artist looks for in a potential victim. The first is equity in the home. If there is no equity they will run the other way.

The second thing they look for is desperation. Distraught homeowners who are in the middle of a financial disaster are easily persuaded to do what the scam artist wants. The third thing they look for is someone who is ignorant about the foreclosure process and the options available.

“The dangerous ones are the ones who smile and offer to help. Most will tell you that they’ll stop your foreclosure, regardless of your situation, and even let you stay in your home! Does that sound too good to be true? Well, in most cases, it is,” said Callaghan.

His free report not only exposes the scams and how to avoid them, it gives homeowners real solutions that work.

About RockSolid Financial LLC:
RockSolid Financial LLC is located in Alton, NH and owned by Michael Callaghan. The company offers assistance to homeowners who are in danger of foreclosure.

Press Contact:
Michael Callaghan
888-537-6424

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