Some homeowners who are struggling financially have become victims of
various mortgage relief scams that have proliferated during the housing crisis.
A new rule from the Federal Trade Commission that aims to protect home owners
from mortgage relief scams may impact real estate professionals who represent clients involved in short sale transactions.
You can check out
our Mortgage Relief Scams article for more information.
Spot
a mortgage relief scam?
Learn how to recognize the signs of
a mortgage relief scam.
Over the summer, we told you about
a mortgage relief scam that defrauded homeowners in financial distress.
Mortgage Assistance Relief Services (MARS) Rule The MARS Rule, intended to protect consumers from
mortgage relief scams, affects disclosure requirements for short sales.