Most people have heard quite a lot about avoiding mortgage fraud, but now you have to watch out for foreclosure fraud as well. A group of organized criminals may be watching the foreclosure listings in your area, hoping to take your money or your home when you can't afford to lose it.

The growth in "foreclosure rescuers" has been noticed over the past few years. It has been caused partially by booming real estate markets and high price appreciation. With creative financing programs causing many buyers to get in over their heads on a home purchase, the number of foreclosures is increasing as interest rates reset.

When homeowners are unwise in their decisions and plans against foreclosure, they often become a target for "rescuers" who are looking to make a dollar at the homeowner's expense.

In general, you should avoid any business with anyone who calls themself a mortgage consultant, foreclosure service or anything along those lines. There are legitimate mortgage counsultants out there, but you better thoroughly check them out. Look at their licensing and call the BBB and state attorney general's office. Don't work with anyone you know nothing about.

If a company promises you that they will repair or save your credit, pay your closing costs or buy your home quickly and easily, you should run away from them at top speed. You can't get rid of your foreclosure by signing your home over to someone. You can't repair your credit quickly and easily. You can't fix things that easily, you only make them worse.

If anyone contacts you first, hang up on them or shut the door. They are looking for a target. If anyone asks you to pay upfront for their services, don't do it. Never make your mortgage payment to anyone but your lender or mortgage servicer.

Never transfer your property deed or title without a trusted attorney present. Call a lawyer before you do anything.

Many people who are facing foreclosure panic. Don't just jump into something without looking at it clearly. Don't sign. Don't make agreements and don't panic. Follow tried and true advice from financial advisors, not mortgage consultants or foreclosure specialists.

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