As foreclosure rates skyrocket, scammers are making a killing. A common scam is to pose as a foreclosure rescue outfit. They promise to help you avoid foreclosure, but they run off with much more than the bank would.

To expose this con, Freddie Mac published a YouTube video. You can see what tactics they use and why they're so dangerous -- complete with a thrilling ending! Finally, you'll get good advice on what to do if you really want to avoid foreclosure. The video is also available in Spanish.

Have you heard from con artists like this? Tell us about it in the comments.

Suggested resources:

• Video: Avoid Foreclosure Scams
• Debt Workout Plans Help You Avoid Foreclosure