The Atlanta metro area's foreclosure rate has skyrocketed and continues to worsen, expected to peak in 2008. The record number of foreclosures also brings vultures looking to make a profit from distressed homeowner's misery. Commonly calling themselves 'rescuers', these companies or individuals frequently promise homeowners that they can help, only to leave them foreclosed upon with even more loss. Typical scenarios include the use of those acting as 'middlemen', negotiating terms with the lenders for a fee or in the worse cases those who suggest signing the title over to third-party investors with the promise of getting it back only to then cheat the homeowners out of their home and even more money.

The reason many homeowners fall for these scams is because they are so concerned with losing their homes that they will do anything to save them. Utility poles are plastered throughout Atlanta with these rescue companies and a new one pops up every day, only to soon disappear, stealing homeowner's dreams. If you are facing foreclosure please don't fall victim to these  sickening scammers, contact a professional REALTOR®, lender, or agency such as the CCCS for some advice during this difficult time.