One of the biggest scams out there today during these economic difficulties is the 'take over the payments on pre-foreclosure homes with no credit check and no money down'.
What they conveniently forget to mention is the upfront 'registration fee' (fully refundable of course should you not get the home of your choice through their service), of between $85 to $300 dollars - depending on how much work you want to do or have them do to find you a house.
While there may be legitimate 'pre-foreclosure' companies out there, the odds are they aren't many. But there are many non-legitimate ones out there.
One of the most viral of these non-legitimate ones, is Anchor Housing Financial. They spam Craig's List and other web lists mercilessly - so don't be fooled by them ... all they want is your credit card number and become extremely rude when you won't give it to them.
If you get a call on your phone from the toll free number 877-712-4464 that is Anchor Housing calling so I wouldn't answer it if I were you, unless you want to give them $199.00 for nothing, then by all means answer the phone.
The best way to get in on the deals of a lifetime on houses on the cheap is to get a listing from your local tax office of houses that can be had for back taxes. There is a fee (and it will vary due to locality) but you will get the listing. (Note: if you get a listing of these houses you need not do an extra title search to find out if there are any liens on the property you desire - there is ... and you have the lien amount in your hand on the list - pay it and the house is yours)
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