Foreclosure and mortgage rescue scams Quiz

1. What is a common tactic used in debt-elimination schemes?

A. Offering legitimate legal advice B. Claiming secret laws can erase debts C. Providing free financial counseling

2. What is a risk associated with leaseback and rent-to-buy schemes?

A. You can easily buy back your home B. You might lose your home and money C. The agreement is always fair

3. How can you protect yourself from mortgage modification scams?

A. Sign documents with blank spaces B. Consult a HUD-approved counselor C. Rely on oral promises

4. What should you be cautious of when someone offers to make mortgage payments for you?

A. They may pocket your money B. They are always trustworthy C. They will improve your credit score

5. What is a sign of a potential scam when dealing with mortgage assistance relief services?

A. They provide written agreements B. They guarantee to save your home C. They offer free counseling

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