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Last updated 2:23AM ET
December 16, 2017
WFCR Local Features
WFCR Local Features
Foreclosure Rescue Scams Affect MA Homeowners
(2007-10-24)
(wfcr) - The housing foreclosure crisis is reaching historical proportions. In Massachusetts alone, foreclosures are up 75 percent, many of them the result of high-interest, subprime loans given to people who couldn't afford them. But there's a new phase of this crisis, one that's even affecting people who got traditional mortgages. It's called the foreclosure rescue scam, and officials say it's becoming distressingly common. WFCR's Karen Brown has this report. © Copyright 2017, wfcr