Foreclosure rescue schemes are fraudulent practices that target homeowners facing foreclosure. These schemes often promise to help individuals save their homes by offering services like loan modifications or refinancing, but they typically require upfront fees. In many cases, the promised assistance never materializes, leaving homeowners in worse financial situations. Victims of foreclosure rescue schemes may find themselves losing their homes and money to unscrupulous operators. It's essential for homeowners to be cautious and research any company or individual offering foreclosure assistance, as legitimate help is available through government programs and nonprofit organizations dedicated to preventing foreclosure.