I've been looking for apartments on craiglist and I see tons of ads to "take over payments" on distressed homes. bad credit is ok. Bank is foreclosing soon and this company helps you to get the deed transfered into your name and all you do is take over the mortgage payments. No down payment. bad credit ok. You pay off remaining balance on home to stop it from going into foreclosure. Here is one such ad:
Now..this sounds awfully scammy to me. To good to be true kind of thing.... Does anyone know how this works or if it really is just a scam?


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