CBS2-Header-Logo WFAN 1010WINS WCBS tiny WLNYLogo

News

Alert Sounded About Mortgage Rescue Scams On Long Island

Foreclosure Sign (file / credit: Joe Raedle/Getty Images)

Foreclosure Sign (file / credit: Joe Raedle/Getty Images)

TRI-STATE NEWS HEADLINES

From our newsroom to your inbox weekday mornings at 9AM.
Sign Up

BOHEMIA, N.Y. (CBSNewYork) - Mortgage rescue scams are on the rise on Long Island, where housing officials are issuing an alert.

WCBS 880 Long Island Bureau Chief Mike Xirinachs On The Story


The new wave of mortgage rescue scam operators targets homeowners who are facing possible foreclosure.

“They prey on the fact that people are feeling desperate. The goal of these foreclosure rescue scam artists is to make a quick profit from these vulnerable home owners,” Jessica Wollman with Long Island Housing Services told WCBS 880 Long Island Bureau Chief Mike Xirinachs.

The organization is warning people to be on alert for scammers.

Nicole Garafalo told Xirinachs that her elderly mother was a victim.

“Stole the ownership of our home and put a mortgage in his name at an inflated value. He drained the equity out of the property and pocketed the money that he had promised to leave in an escrow account,” she said. “It changed our lives forever. We lost our home and we’re now facing homelessness.”

You can contact Long Island Housing Services at 631-567-5111 in Suffolk County or at 516-292-0400 Nassau County.

Have you been victimized? Share your story below.