Stop Foreclosure Scams are on a rampage throughout the US. With the epidemic of mass home foreclosures, the scam artists are having a feeding frenzy. Their prey is anyone who is desparate to stop foreclosure and keep their home.
Here are a few tips on how to avoid stop foreclosure “help” scams:
Don’t sign any documents or papers, EVER – have your or an attorney review them first.
2. Beware of any contract of sale or loan assumption of your home, where you are not formally released from the loan (which means you receive documentation from YOUR mortgage lender) and from liability for your mortgage loan.
3. Always, always Check with your or an attorney and / or your mortgage lender before entering into a “deal” that involves your home.
4. If you’re selling your house yourself to avoid foreclosure, go through the normal, proper channels, using an attorney, etc. Don’t let anyone talk you into some kind of process that “will save you money” on closing costs, etc.
If you suspect you have been approached by a Stop Foreclosure Scam Artist, you can contact your State’s Attorney General, the State Real Estate Commission, or the local District Attorney’s Consumer Fraud Unit to check out the person or the “agency” to see if they have been reported. Alternatively, you can report these scam artists too.
Beware – Be Aware!
