Never sign over the title to your home, no matter what is promised.

If you're asked to sign over the title of your house.

The con artists sound logical enough (when your own logic is warped with fear). They ask for the deed, and you pay your mortgage to the third party negotiator that's supposed to be working with your lender. Of course, it never works out that way. The con artist takes your monthly mortgage payments for as long as it takes for the victim to become wise to what's happening -- and once they are wise -- the con artist owns the house and can sell it to an investor or some unsuspecting dupe who doesn't realize that its being inhabited already.

"A borrower should never sign over the title to their home," says Michael J. Sichenzia, CEO of Dynamic Consulting Enterprises in Deerfield Beach, Fla., emphatically adding: "No legitimate foreclosure would ever ask a borrower to do that."

Sichenzia would know. His company specializes in identifying fraud and financial misconduct in mortgage lending and also restructures loans on the behalf of individuals. He knows what scammers are thinking -- he was an expert in committing fraud before he became an expert in fraud. Sichenzia served four years in New York State Prison for scamming people out of their mortgages. Now, he is determined to right wrongs by saving people from the type of person he used to be.

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