CALIFORNIA HOMEOWNERS ARE BEING TARGETED BY CON ARTISTS OFFERING FORECLOSURE ASSISTANCE:

The U.S. Department of Housing and Urban Development (HUD) today warned that California homeowners are increasingly becoming the target of "scammers" and con artists trying to loot families of their bank accounts with phony promises to avoid foreclosure.

The U.S. Department of Housing and Urban Development (HUD) today warned that California homeowners are increasingly becoming the target of "scammers" and con artists trying to loot families of their bank accounts with phony promises to avoid foreclosure.

"Foreclosures are hurting homeowners and communities, and now we see "financial looters" plying a "grab-and-go" strategy to con families out of their scarce dollars with empty promises and phony claims," said Caroline H. Krewson, HUD Deputy Regional Director for Region IX. "It's criminal when it happens in the wake of a natural disaster, and it's just as criminal when it happens to families facing financial disaster."

Congress has provided the U.S. Department of Housing and Urban Development and the Treasury with resources to assist families facing foreclosure at no cost to the homeowner.

Read More Latest Updated News Click it.