BUSINESS
04/01/2008 05:12 am ET | Updated May 25, 2011

'Mortgage Rescue' Scams Targeting Homeowners Facing Foreclosure Skyrocket

As the mortgage crisis continues to unfold, the FBI says incidents of suspicious financial activity banks reported to the bureau has skyrocketed, jumping from 28,000 cases in 2005 to 48,000 last year.

Among the factors fueling this two-year, 71 percent increase is a spike in scams targeting citizens facing foreclosure, one of which is known as the "home foreclosure rescue scam."

Read more on ABC News