American College of Attorneys Best of the Bar Award
10.0 Avvo Superb Lawyer Rating
Top 100 Trial Lawyers Award
Orlando Top Lawyers 2012 - 2024
Best Lawyers in America Award
Super Lawyers 2024 Award
Florida Legal Elite Award
Best Lawyers 2024 Award
Orlando Sentinel Best Bets Lawyer Award

The Impact of Foreclosure Rescue Scams on Florida Homeowners

Mortgage foreclosure is a frightening prospect for any homeowner. The process of a mortgage foreclosure is confusing, intimidating, and stressful. Many homeowners do not know where to turn for help or who they can trust. All too often confused homeowners are scammed by crafty con artists and scam loan modification companies seeking to capitalize on homeowner anxieties regarding foreclosure.

  • These companies are not usually licensed or certified in the State of Florida in any profession.
  • Many of these companies are fly by night operations attempting to pose as attorneys or as other real estate professionals.
  • They may use clever or professional sounding names along with promises that often sound too good to be true.
  • Unfortunately, homeowners victimized by these foreclosure scams are looking for help to save their home, but end up defrauded out of thousands of dollars and losing their home.

Foreclosure rescue fraud happens when a company or person promises to help save a home from foreclosure, but is actually intent on stealing either the property, the equity accumulated in the property, or a substantial amount of money as fees, under the guise of offering foreclosure rescue services.

Savvy Homeowners Should be Aware of Several
Common Fraud Schemes

One such fraud scheme is the “foreclosure prevention specialist scheme.” Under the “foreclosure prevention specialist scheme,” phony foreclosure counselors will attempt to collect large sums of money, often up front. These “counselors” may represent that these monies will be held in escrow or offer a money-back-guarantee. High-pressure sales tactics, unrealistic promises, and counselors that come across as a “hard sell” are often warning signs that the homeowner is dealing with an unsavory company or individual.

For those unfortunate homeowners that are victims of these services, the result is often that the foreclosure is not prevented, the fees are not held in escrow or refunded to the victim, and the homeowner does not receive any tangible benefit or actual service from the company.

One such company, “Keep Your Property, Inc.,” has come under investigation with the Attorney General’s Economic Crimes Division for its alleged role in a “foreclosure prevention specialist scheme.”

“Keep Your Property, Inc.” allegedly guaranteed it would file any required paperwork with the homeowner’s mortgage company preventing future foreclosure action, lower the homeowner’s current interest rate, and lower the balance of the homeowner’s mortgage payments.

The company also allegedly told homeowners to stop making payments to their mortgage companies. It was only after contacting the lenders that the victims allegedly realized that “Keep Your Property, Inc.” had done nothing on their behalf.

It only became apparent after the scam that these victims should have been suspicious of “Keep Your Property, Inc’s” upfront fee of $2,200 and a monthly fee of $550.

Another scheme is the “phantom help” scheme, which is where individuals or companies charge high fees for work the homeowner could do his or herself.

Under this particular scheme the scam artist contacts the homeowner who is in foreclosure, and explains to the homeowner that the loan modification process is a complicated and delicate process that only he or his company can navigate.

These companies often charge up front fees or monthly fees to call the lender on the homeowner’s behalf. However, what these scam artists are doing is nothing more than the homeowner can do themselves; these scam artists possesses no unique skill set or license that qualifies them in dealing with home loans.

Further, they do not have any special connection or expertise that enables them to get a better loan modification than the homeowner could get for them self. The scam is designed to make it look as though they are doing everything they can to modify the homeowners loan or prevent a foreclosure, when in reality they may be making token phone calls to the lender or doing nothing at all.

The goal of the scam artist is to extend the process as long as possible in order to accumulate monthly fees from the victim.

In another form of fraud, scam artists will induce the homeowner to deed the home to the scam artist while promising to prevent foreclosure. This is often accomplished by a quitclaim deed executed by the homeowner, which is seldom recorded in the public records.

Often, the scam artist will promise to negotiate with the mortgage company or to pay the mortgage in order to assist the homeowner. The scam artist will then either rent the property to a tenant, or on many occasions the scam artist will rent to the homeowners themselves.

In some variations of this scam, the homeowner may be led to believe that the homeowner can “buy back” the home once the foreclosure problems are solved. The result is usually that the scam artist continues to collect rent while the mortgage remains unpaid. The scam artist almost never actually negotiates with the mortgage company. In the end, the homeowner winds up losing the home and having a judgment entered against the homeowner.

One way for homeowners to protect themselves is to hire an attorney licensed with the Florida Bar Association. The Florida Bar imposes strict ethical requirements on all attorneys licensed in the State of Florida. Florida Attorneys have undergone extensive background checks and evaluation prior to being admitted to the Florida Bar.

Moreover, attorneys are not often willing to sacrifice their careers for a quick buck.

That being said, homeowners should always check the credentials and experience of prospective attorneys, as well as the attorney’s community ties and business background before hiring an attorney. Finding an established attorney with a regular place of business is important. Finally, attorneys should always be willing to provide written credentials to any prospective client.

The foreclosure rescue fraud problem has reached epic proportions in the Orlando area, and is only increasing. Numerous companies are under investigation by the office of the Attorney General. For further information concerning foreclosure rescue fraud issues, readers may visit the Office of the Attorney General at

The TK Law Firm has extensive experience with defending foreclosure and assists homeowners in resolving mortgage foreclosure problems without the need to file bankruptcy. For additional information concerning foreclosure defense, contact the TK Law Firm Call 407.834.4847

Table of Contents

Free Case Review

All free case evaluations are reviewed by our legal team. For immediate assistance, please call us at 407-834-4847.

Family Law Articles


Make Your Best Decision Today


Schedule your case review so we can help you.



During your consultation we’ll review your options and see if we’re a right fit for you.



If we take on your case, you’ll be represented by the best.

Get Your Free Case Evaluation Today

The Orlando divorce lawyers at TK Law are deeply committed to the individuals and families they serve. We are here to help you resolve each legal concern so you can regain control and move forward with your life. You will also have a steadfast, accomplished advocate in your corner to fight for what matters most if a dispute goes to trial.

We know how overwhelming conflict can be and how painful it is to see a marriage end. We will guide you through this difficult process before, during and after your divorce.

Contact our offices today to schedule a confidential consultation with one or our family law attorneys, or call us at 855-572-6376.



Our best awards are
client victories

Roy P.
Mar. 2024
Read More
Gastell and Kayla were awesome! They helped me make it through a very challenging time in my life with kindness and compassion. They were always available to answer my questions and kept me up to date. Their counsel was extremely helpful in aiding a resolution that I am very satisfied with.
Carmen D.
Mar. 2024
Read More
I give this law firm a 5 star. Ray and Janelise helped us with our probate issue and made the process a lot easier for us to finalized all of it. We're very thankful to this law office and recommend them for any legal issues.Thank you Janelisse and Ray and the entire office .
Alysia T.
Jan. 2024
Read More
I am thankful to Janelise and Kayla at TK Law for a fantastic job. Kayla guided me through every step of my divorce process. She is patient, professional, and honest. I highly recommend them!
Chris O.
Dec. 2023
Read More
This was first experience hiring a law firm and I am very happy that I hired TK Law. My attorney Janelise and Paralegal Kayla were kind, knowledgeable and made the process easy. They were quick to respond when I needed revisions to my document and the final outcome was perfect. If I ever need legal help in the future, I will not hesitate to contact TK Law again.

*Top-rating from clients and award publications such as Orlando Weekly, US News & more.​


Schedule Your Case Evaluation

We offer payment plans, accept credit cards, are available for evening appointments and our main office is conveniently located right off of I-4, between 436 and 434. For immediate help call: 407-834-4847.


The information found here is for general information purposes only. Nothing on this site should be taken as legal advice for any situation or individual case. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.


Phone: 407-834-4847
999 Douglas Ave #3333, Altamonte Springs, FL 32714

Service Areas

Orange & Seminole County, Florida.