Trapped

Providence, Rhode Island – A troubling pattern has emerged in Providence as several homeowners have reportedly fallen victim to a so-called ‘foreclosure rescue’ scheme. The deceptive practice, primarily targeting financially distressed homeowners, promises relief from impending foreclosure but instead results in the loss of property ownership without alleviating the financial burden. Victims of this scheme were often approached with an offer that appeared as a lifeline: they were told that, by transferring the title of their homes temporarily, they could avoid foreclosure and its accompanying credit harms, ultimately buying back their homes under more favorable … Read more