You’ve seen the roadside ads “We Buy Ugly Houses” and others of that ilk. Maybe you’ve considered these propositions as good old-fashioned American entrepreneurship in action. Maybe you even think kindly toward companies that would offer a hand to debt-ridden homeowners on the brink of foreclosure. However, many of these so-called foreclosure “rescuers” are actually sleazy predators in disguise. These scam artists acquire homes for a fraction of what it would have brought at sale. Or, in an even worse, they transfer your title into a trust that then enables them to rent or “resell” your property to equally hoodwinked buyers while, to your surprise, you remain legally obligated to make the mortgage payments!

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