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... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > business fraud and crimes > foreclosure fraud and rescue schemes
... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > financial and securities fraud > foreclosure fraud and rescue schemes

Preferred term

foreclosure fraud and rescue schemes  

Definition

  • Foreclosure fraud and rescue schemes target homeowners who have defaulted on their mortgage or are facing foreclosure and, as a consequence, are vulnerable to schemes that offer ways to allow them to remain in their homes. The perpetrators of these frauds make aggressive overtures toward the mortgage payees, offering them a means of refinancing their existing mortgage loan or paying off their mortgage in its entirety. [Source: Encyclopedia of White-Collar and Corporate Crime; Foreclosure Fraud and Rescue Schemes]

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https://concepts.sagepub.com/social-science/concept/foreclosure_fraud_and_rescue_schemes

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