SSA Foreclosure Rescue Scam
Threat Type
The SSA foreclosure rescue scam involves fraudsters claiming that a victim’s home will be foreclosed upon due to alleged Social Security problems.
Communication Method
Scammers typically initiate contact through unsolicited phone calls, emails, or even by knocking on doors. They may also target entire neighborhoods with flyers or advertisements offering to “stop foreclosure” or “save your home”.
Demands or Actions Requested
In this SSA foreclosure rescue scam, fraudsters often demand immediate payment, personal information, or even ask victims to sign over their property deed.
Red Flags
Key warning signs include unexpected contact, threats of imminent foreclosure, pressure to act quickly, and requests to make mortgage payments directly to the scammer.
Scammer Claims
Imposters may claim that discrepancies in your Social Security records will result in home foreclosure if not addressed immediately. They often promise to solve debt problems and stop foreclosure.
Psychological Manipulation Tactics
These scammers exploit fear of losing one’s home and create a false sense of urgency. The SSA foreclosure rescue scam preys on people’s desperation to keep their homes, especially those already facing financial difficulties.
Target Audience
This scam often targets homeowners who have fallen behind on mortgage payments, are in foreclosure, or are elderly with significant home equity.
Payment Methods Demanded
Scammers may ask for upfront fees or direct mortgage payments to themselves instead of the legitimate lender.
Impersonation Techniques
To appear legitimate, scammers may use official-sounding company names like “mortgage consultant” or “foreclosure service”.
How to Verify Legitimacy
Always verify communications by contacting your mortgage lender directly. Remember, the Social Security Administration has no authority over home foreclosures.
What to Do if Targeted
If you encounter an SSA foreclosure rescue scam, do not provide any personal information or payments. Report the incident to the Federal Trade Commission and your state’s Attorney General’s office.
Preventive Measures
Stay informed about common foreclosure scams, never sign documents without reading them thoroughly, and contact your lender directly if you’re having trouble with mortgage payments.
