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Foreclosure Surge and Scam Risks | Wilmington News

Foreclosure Surge and Scam Risks | Wilmington News

Published 1 week ago
Description

Foreclosure filings are surging 21% nationwide, forcing families into heartbreaking losses as pandemic protections fade and costs rise—while scammers exploit the chaos, targeting vulnerable homeowners with false offers that strip them of their homes and savings. One Staten Island mom watched her 20-year home vanish in trucks, leaving her kids without stability. Authorities in Arizona are stepping in to prosecute predatory “equity stripping” schemes and urge victims to seek help only from licensed professionals or legal aid. The push is on for stronger laws to shield homeowners from these devastating scams.

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