As the foreclosure surplus recovery industry grows, so does fraud. In recent months, courts have seen a surge in fake surplus fund assignments, forged POAs, and unauthorized third-party filings. The Foreclosure Focus warns homeowners and heirs to verify credentials and check court dockets before signing anything.
This release outlines red flags, suggests best practices for verifying fund recovery agents, and calls on state bars and legal oversight boards to issue formal guidelines protecting the public from exploitation.
