The next foreclosure scam I’d like to discuss pertains to refinancing. This scam is similar to the one we earlier discussed. Although there are legitimate lenders out there who offer legitimate refinancing options, unfortunately there are also many scammers who pose as mortgage brokers or lenders. These scammers offer to refinance your home as a means of “rescuing” it from foreclosure. As part of this scam, the so-called broker sends you a ton of paperwork to sign, supposedly pertaining to the “refinance.” The problem is that buried within the bogus paperwork is a transfer of deed document that functions to transfer legal ownership of your house to a third party. Watch out for this scam. Call an experienced foreclosure defense lawyer or bankruptcy lawyer if you find yourself as the target of one of these “rescue refinance” scams.