Loan Modification – Avoid The Scams

If you are behind in your mortgage payments, you will be contacted by many people who will offer to provide a loan modification with your lender.

What is a Loan Modification? That is where you and your lender agree to modify one or more of the terms of your home loan. The terms could be a lower interest rate, an extension of the length of the loan (like making a 30 year loan into a 40 year loan), a conversion of an adjustable rate loan (called an ARM) to a fixed rate, the deferring of some of your payments, or any other modification of loan terms.

The goal of a Loan Modification is to help you keep your home and to give you a real, meaningful, sustainable, and long-term adjustment to your current home loan that works for your financial situation.

To avoid the scams that take your hard earned money, remember these rules:

Rule #1: Do not pay any upfront fees. After they have collected your money, what is their motivation to getting a successful loan modification in a timely manner. News story after news story have appeared in print, TV, radio, the internet and other news media of people losing their money to “loan modification” consultants.

Some state government websites, like California (http://www.dre.ca.gov/mlb_adv_fees.html) have issued consumer scam alerts regarding loan modification and foreclosure consultants. “California Civil Code Section 2945, which regulates “foreclosure consultants”, forbids anyone who falls under the definition of a “foreclosure consultant”, as well as a real estate licensee, from collecting any advance fees for these types of services if a Notice of Default has been recorded against your property”

Rule #2: There are no “loan modification guarantees”. Each bank or lending institution has their own guidelines and policies. Successfully negotiating a loan modification include: a) knowing what paperwork the lender requires and how to prepare it, b)and presenting your case in terms that follows the policies of your particular lender. c)understanding your credit and how to improve it.

Also, each borrower’s financial circumstance is unique and each bank or lender has its own loan modification policies and criteria, making it very difficult for any company to guarantee a loan modification.

Even then, there is a chance – not a guarantee – that your loan will be modified. That’s because the rules and policies are changing, as new Federal regulations are introduced.

Rule #3: Never sign over your title. Legitimate advisers would never ask you to sign over the title to your home or ask you for power of attorney.

Rule #4: Remember Rule #1 – Don’t ever pay any upfront fees.

On the other hand, there are some legit companies who do what they say they will do. But just be cautious while looking for help. This is a booming industry and there is a lot of greed. There are companies that offer a “no upfront fee loan modification program, where you pay only if they get results that you agree with. There are also State and Federal agencies that can provide assistance.

Salvage Your Home With 5 Ways To Avoid Foreclosure

For those facing mortgage foreclosure problems and no idea of how to face this massive issue, worry not! Help is available for those who seek it, but make sure you are serious about saving your home! The results of recession have hit most of us badly, and many have failed to fulfil the mortgage payment agreement that we have agreed to when we first signed when we purchased our homes. This would result in us facing mortgage foreclosure issues, a situation that is not favourable at all. What can be done in order to save your home? Fortunately, there are many things that you can accomplish to either delay your home being auctioned away, or possible stopping foreclosure altogether and salvage your home. Let us look at five different ways to save your home:

1) Use a hardship letter to stop foreclosure and gain sympathy from your creditors. A well-drafted hardship letter can work wonders, while success is not promised, it could buy you valuable time for you to sort out your finances and catch up on late or missed payments. A well-written hardship letter would explain your current financial problems, and why you have not been able to pay your monthly commitment amounts. If you are lucky, the creditors might consider approving an extension for you to catch up on your payments.

2) Forget the idea of ever moving out of your home, even while the foreclosure proceedings are underway. Not being in your own home makes you ineligible for homeowner benefits such as the FHA mortgage insurance to name one, thus ensure that you never leave the comforts of your home!

3) Keep a complete record of all your monthly mortgage payments by preparing a good payment record list. Always put your mortgage payment as first priority, and put the other payments such as vehicle loan, credit card payments and personal loan payments below the home mortgage payment until you are comfortable again financially. This is the wisest way to save your credit rating, as facing foreclosure would severely damage your credit rating.

4) Avoid procrastination when it comes to payments, and do not wait to receive a foreclosure notice from your creditors if you are having trouble servicing your mortgage payments. If you are indeed in financial difficulties, make sure that you let your creditors know of your current financial situation, as well as actions that you are taking to address the issue. Letting your creditors know would be an efficient way to avoid foreclosure proceeding from taking place against you and your home.

5) Make use of the several debt management companies out there to help you manage your debts and service your mortgage payments properly. Always remember to check the legitimacy of the debt management agencies that you are dealing with before you sign up with them however, as there are plenty of hoaxes and scams out there. With these debt management plans, you would be able to combine all your debts into one, and you would be charged lower interest rates for the consolidated loan. An effective, yet simple plan to put an end to your foreclosure woes!

Stop foreclosure now by making full use of the pointers and tips above. Decide on which one that suits you best, and ensure that you apply them in the best way possible so that you can save your home! All the best!

How to Avoid Foreclosure on Your Mortgage!

If you are having problems in paying your mortgage you are not alone. Problems paying your mortgage is not uncommon and there could be many reasons why you may have been faced with this. In all corners of the globe there are in fact millions of people who are suffering from this exact same problem. It could have been caused from simply being laid off but more than likely it was caused due to irresponsible lenders, but foreclosures are big in the news right now.

If you find yourself in the position worrying about how you are going to meet next month’s mortgage payment or you have already fallen well behind, there are several steps you can take promptly which will more than likely avoid foreclosure by your financial lender. Foreclosure is usually not the best option from the lenders point so it is essential to understand that even though the financier wants payment, they will usually do everything they can to get you back in line.

1. Get your budget in line.

First of all start by cutting out any unnecessary expenditures. Go through all your bills thoroughly and be ruthless. Luxuries such as cable TV should probably go immediately. If you have a piling amount of credit card debt, delaying these payments slightly is probably a better option whilst you concentrate on avoiding foreclosure.

2. Inspect your loan documents.

Try and find out exactly what steps your financial lender can take if you should miss a payment. Foreclosure laws will vary in every different state so it is a good idea to contact your states housing office for specific information. An example would be the time period which you are looking at before your financial lender will take action.

3. Notify your lender.

If you anticipate that you will be unable to make next months payment but you are still current with your mortgage payments, make sure you contact your lender straight away. Even if you are behind, don’t ignore the problem as it will not go away. Always remember that the lender wants to avoid foreclosure as much as you do. If you call your lender now you will more than likely find that you can probably work your problem out. One thing that people often do when they know they are behind on their payments is not open the mail from their lender. Don’t bury you head in the sand! What you will find is that typically when you get that first notification the lender will often describe a few options which may very well help you get out of trouble.

4. Start evaluating salable assets.

Start having a look at any salable assets with which you can raise some cash. There are some fairly obvious candidates which will include items such as your second car, camping trailer, boat or even jewelry. This is a difficult time and there is no room for sentimentality when you are trying to avoid being foreclosed on. Cashing in on these assets should tide you over until your personal situation improves.

5. Housing counseling services.

There are organizations in every state that are funded by the US housing and urban development which can offer you housing counseling services at no cost to you. These are more or less similar to credit counseling organizations that help people that have credit problems. If you Google ‘HUD approved housing counselors’ in your town or state you will find one which is near to you. Just be wary of businesses which are offering similar types of services but which are not approved as they will charge you a large sum of money for exactly the same type of services.

Finally, and this is the most important point, be wary of scams by people who offer to enter you into a contract which claims to be able to not only avoid foreclosure but also stop all proceedings against you. Unwittingly, if you are not careful you may sign away the deed to your home.

Foreclosure Scams: How to Stay Away from Them

When people encounter financial difficulties there will be mean men and scammers waiting to eat you up and get everything that is left.  They take this chance because they know that people in these cases are in deep dilemma. Even some reputable financial companies are guilty of doing fraud deals.  Such scams vary from high loans to other situations where you will end up booted out from your house and still paying for the loan or worse, renters in your own home.  Here are few tips on how to stay away from being conned:

Do not let somebody who is charging you a fee to help you stop foreclosure to occur.  Nothing is subject to any charge.  And this implies that all transactions are free.  If they want to help you to stop your house from being foreclosed, you can do it by yourself.  The more fancy the mailer or TV or interned ad is, the more it is closely to be a scam.  All your money will just go to commercials.  The internet can be a perfect resource, but it is also a venue where these scammers can spot for their next victim.

Do not be fooled by someone who gives promises that they can help you stop foreclosure.  There is no other way but to pay your loan, regardless if it is through credit restructuring or refinancing from other financial company or just sell the house.  Pay your existing loan is the only solution to avoid foreclosure.  Do not agree to any contract from a company giving you a guarantee that they can solve your problem.  Stay away from the advice that you have to lease your home with an assurance that you can buy it back in the long run.

Do not let commercials scare you away into doing something rash.  Be firm in your decision not to give in with these fraud deals.  It is already a terrible thing that you are on your way to foreclosure with someone informing you that if your house payments are already behind for one month, your lender is probably processing your foreclosure.  As you go along, tons of penalties and fees can be added to your current loan balance.  And everyday, a particular amount of interest is added.  This is somewhat true, the sooner you deal with the issue the better.  But this is simply created to mislead you in availing their fraud services.

Do not be deceived by those leaflets and flyers left in your mail box.  They are all just giving you false hopes.  Forget the idea of hiring someone that visits your house and offering different kinds of solution packages.  This is totally ridiculous.  This person can be the one who sold you a loan and realizes that you are in deep dilemma on how to pay off the balance.  They are just taking advantage of the situation. 

If you are in this kind of problem, the ideal thing you can do is to talk to your lender.  Although the process has already almost half way through, just try to negotiate with your lender until such time that the authorities will ask you to leave the house.  You can consult them on how and where you can get a credit restructuring or refinancing service.  As much as possible, they want your house to prevent from being included in the increasing number of foreclosed properties.  Most lenders have a loss mitigation department whose only job is to do a loan restructuring so that you can still continue to pay them.

Save My Home From Foreclosure – Avoiding Foreclosure and Taking Matters Into Your Own Hands

If you are in danger of losing your home through foreclosure chances are you are very scared right now. The thought of losing your house and the emotional and financial devastation can be overwhelming. The phone keeps ringing every day and the letters from your mortgage company keep on coming and you have no idea how you’re going to get out of this situation.

You search for answers to your questions and try to come up with a solution for how to prevent the loss of your home from foreclosure. Who do you trust and who can really help you? You hear horror stories about people getting ripped off by scam artists who have fleeced them for hundreds if not thousands of dollar. People who were hoping to keep their house and avoid foreclosure.

I know that when I began to fall behind on my mortgage I didn’t know where to turn. I didn’t want to call the mortgage company. They were the people that were going to take my house! I didn’t trust anyone. I didn’t trust the credit counselors or the third party negotiators who said they were there to help me to keep the mortgage company from taking my house. I didn’t trust anyone.

At first I just tried to deny that it was happening and told myself that things would get better and that I could get back on track. I told myself that I could figure a way out of this stuff so I started to do a little research online. The information that I found made little sense to me and it really didn’t tell me what I wanted to know.

I wanted to know how I could keep my house and avoid going through a foreclosure. I had pretty much figured that I could turn over my house to the mortgage company or that I could sell it. This wasn’t what I wanted! I wanted to keep my house. I just needed some time to figure out how I could make some more money and get caught back up on my mortgage payments.

Nowhere could I find the kind of information that I was looking for so I sort of had to take matters into my own hands and figure out what I could do to avoid the foreclosure. I talked with people who worked for different mortgage companies and also people who worked for foreclosure attorneys. Armed with this information I was able to keep the mortgage company at bay and buy myself enough time to come up with a plan.

I’m not going to lie to you and say that it was easy to avoid the foreclosure and to work with the mortgage company but I will say that I was able to avoid losing my home through foreclosure. I was able to work with the mortgage company all on my own to keep my house from going into foreclosure.

Buyer Beware! 3 Foreclosure Scams and How to Spot Them

If at any time the adage of “Let the buyer beware” were

applicable, it would certainly be when a homeowner is

experiencing foreclosure. Distressed homeowners

undergoing foreclosure are often approached by less than

ethical business people (lenders, financial advisor and/or

realtors) that are more interested in their own financial

gain than “helping” the homeowner to get out of

foreclosure.

A homeowner should be very wary of such too-good-to-be-

true offers and keep in mind that each foreclosure

situation is unique to the individual homeowner. While

some homeowner’s may be seriously in debt, unemployed and

overextended, others may have enough equity and credit to

be able to sell their home or restructure their loan. The

first rule of thumb a homeowner should determine to do is

to explore ALL their options, this would help them avoid

or be tempted by some of the following foreclosure scams.

Equity Stripping or Skimming

In this type of scam, a “buyer” approaches the homeowner,

offering to assist the homeowner out of financial trouble

by promising to pay off their mortgage or give them a sum

of money when the property is sold. The “buyer” may

suggest that the homeowner should move out quickly and

deed the property to him or her. The “buyer” then collects

rent for a time, does not make any mortgage payments, and

allows the lender to foreclose. Remember, signing over

your deed to someone else does not necessarily relieve you

of your obligation on your loan. A homeowner may find

himself saddled with the loan he thought he had signed off

on and therefore, in a worse financial situation then the

previous one he or she was experiencing.

If the home has a lot of equity in it the “skimmer” will

sell the home, pay off back debts on the home, and keep

the equity the homeowner could have had if they had sold

their home themselves.

Straw Buyer

A straw buyer (usually a person with good to excellent

credit) is usually offered a payment, often several

thousand dollars, for the use of their name and credit

information to make a “false purchase”. A straw buyer may

or may not know that their name will be on the mortgage

application. Straw buyers are also used to sign documents

that contain false information. For example a straw buyer

might sign something that states that the purchaser

intends to live in the property when they really have no

intention of doing so. If any document is signed that

states the property is worth a specific amount, but the

straw buyer has never seen the property, they are

committing fraud. If the lender asks if the down payment

came from the straw buyer’s own funds and he/she answers

dishonestly, this too would be fraud.

After a straw buyer takes title to the property, the

originator of the scheme, be it a realtor or loan officer

behind the scheme usually assumes the mortgage and the

title to the property. However, a straw buyer may still be

responsible for a mortgage even after someone else has

assumed it because it was obtained fraudulently.

It is a criminal offence to obtain credit under false

pretences. If payments are not made on the mortgage, the

lender will foreclose on the property to recover their

losses. The straw buyer could be sued for the difference

between the amount of money received from the sale of the

property and the amount of money owed on the mortgage.

Signing Over Their Deed

A distressed homeowner having trouble keeping up with the

mortgage is pursued by another lender, who tells him it’s

necessary to deed the house over to him in exchange for

new financing. Often, the money never comes, and the scam

artist sells the property to someone else. Don’t ever sign

your deed away!

In addition, a homeowner should beware of solicitations

either by mail or phone from counseling agencies that

charge exorbitant fees to ¡°assist¡± them. Some groups

calling themselves “counseling agencies” may approach the

homeowner and offer to perform certain services for a fee.

These could very well be services the homeowner could do

for themselves for free, such as negotiating a new payment

plan with the lender, or pursuing a legitimate pre-

foreclosure sale. Review the legitimacy of these

businesses with the Better Business Bureau or other

federal agencies.

Some general tips a homeowner should keep in mind is to

call or write their mortgage lender immediately and be

honest about their financial situation. Many lenders have

programs to assist homeowners in financial distress.

Also, the homeowner should make sure that they stay in

their home to make sure that they qualify for such

assistance. Most importantly, a homeowner should explore

ALL their alternatives before taking any action.

An Expert?s Guidance to Avoid Foreclosure

There are unforeseen circumstances in every one’s life and life is not a bed of roses. Situations may arise where a person is pushed to the brink of financial crisis and is compelled to face foreclosure of the mortgage by lender, by missing the mortgage payments. This is the point where the borrower has to learn and study the situation carefully and analyze the options that lay before him.

It is possible to avoid foreclosure by talking with the lender because he is keener on getting back his money and would be only eager to help. In avoiding a foreclosure, the most prominent and first step is not to ignore the problem and the lender. When a lender calls over phone, it should compulsorily be answered and responded. Similarly to the mail from the lender should be acknowledged and the lender should be made to know that the borrower is very keen and doing everything possible to pay the mortgage installments.

The borrower should not fall into the trap of scam artists who claim that they can help to stop the foreclosure by signing a document that gives them the right to act on behalf of the borrower. The home property should be given the topmost priority and other monthly payments should be put off that can be consolidated and paid later. This can be a good way of avoiding foreclosure.

The borrower should always be in constant touch with the lender to avoid foreclosure and make him realize the intention of avoiding the foreclosure. If the borrower has lived in the home long enough and has a significant amount of home equity, then taking a home equity loan is another way of avoiding foreclosure. This way, the existing mortgage can be refinanced with a new one that can be utilized to pay off the balance on the earlier mortgage.

Avoiding foreclosure is highly important because it affects the credit scores of the borrower to a great extent. If all these suggestions do not help, it is better to consult a house counselor who is available through grants and would be helpful. The United States department of housing and urban development offers counseling and would even represent the borrower to talk with the lender on his behalf.

Also, there are mortgage lenders who specifically provide loans for people who are in foreclosure. A forbearance agreement can be utilized where the mortgage company foregoes its legal right to foreclose, provided, the borrower follows the terms of the agreement.

But the easiest and wisest option to avoid foreclosure is never to purchase a home that is not affordable in reality and practical life, even if the lender is responsible for luring him into the trap of buying the home, because a home is intended to offer solace, peace of mind and happiness and not to push deeper into trouble and bring sleepless nights.

Avoid Credit Scams

Avoid Credit Scams

This Article is to warning to people, that are looking to repair and/or improve their credit. They are thousands of Credit Scams that are taking advantage of people in these difficult financial times. I have listed a few scams to avoid when looking to fix your Credit.

1. Companies that promise to guarantee you a loan for and up front fee. Thousands of customers have reported paying these fees and never receiving the loans that their were guaranteed.
2. Companies that charge you a upfront fee for helping you to get a secured or unsecured credit card. They are many Banks that offer these types of credit cards for people that have less than perfect Credit. There is usually no up front fees when dealing with these Banks.
3. Credit Card Insurance. While federal law limits consumers’ credit card fraud liability to , credit card insurance companies are claiming that card holders face financial risk if their credit cards are misused and or stolen. Millions of consumers buy unnecessary insurance against the unauthorized use of their credit cards.
4. credit repair Services. Some say that their can create a new Credit file for you, or establish a new credit record for you. Or take things off you Credit report for a fee. Their can’t and this is totally illegal. Their are some good non profit services out there that can help you free of charge.
5.Home mortgage Modification. This is a one that you really need to be awhere of. Since 2009 and the bubble burst of the real estate market. So many people are losing their homes to foreclosure. Now the new hot business is all these home modification businesses. Most of this services are a scam. If you are in danger of Foreclosure the first place to start is with your Lendor. In these difficult times most lendoers are willing to work with people to help them avoid losing their homes
6.Identity theft. This crime occurs when thieves steal credit card numbers, social security numbers, or other personally-identifying information without one’s knowledge, to get the good credit histories of consumers. They then set up new credit accounts, charge purchases to existing accounts, or drain bank accounts. Consumers usually don’t know that their credit identities have been stolen until they get bills for credit card accounts that they never opened, or discover that their bank accounts have been fraudulently accessed.

I have listed several things that i think people should be aware of when trying to repair or improve the Credit standing. They are several legal ways to improve your Credit. Do you homework and avoid Credit Scams at all cost

How To Avoid Loan Modification & Foreclosure Scams

With the rise of homes that are going into foreclosure into today’s real estate

market, more and more scam artist are preying on uneducated home owners

with empty promises to save their homes from foreclosure.

Most information nowadays are accessible by lead companies, so when you are

late on your mortgage payment, your lender reports your late payments to the

credit bureau’s and they turn around and sell that information to companies such

as Foreclosure Rescue Firms and once the foreclosure process starts then this

information becomes public record which is free information for these con artist.

These Foreclosure Rescue Firms prey on individuals in foreclosure as they know

they are very vulnerable. So they compile a list and then start contacting home

owners the following ways: Door knocking and approach home owners in

person, send letters or post cards via mail, email and some even hire

telemarketers in India to contact home owners via phone. Usually they will use

sales teams that can sell ice to an Eskimo and will tell the home owner just what

they want to hear, whether it’s true or false.

Here is a list of some of the more common scam type Schemes:

- Lease-To-Own – They will ask you to sign over your title to their company

and in return they will catch up the mortgage payments or refinance the

property with better financing terms, which will allow the home owner to

stay in the home as a renter and they will give you the option to buy back

the property normally in a 1 – 2 year period. The intentions of most of

these companies are just to get your home, as they know you wont be

able to afford the new payments as they are normally higher than you

were paying before, or they know you wont be able to qualify for financing

within a year or 2.

- Bankruptcy – It’s important to understand that bankruptcy does not stop

foreclosure, it only temporarily delays it. Over 66% of people that file

bankruptcy don’t complete the plan, which places them back into

foreclosure. Not to mention that bankruptcy will negatively impact your

credit from years to come.

- Government Imposter Programs – There are a lot of companies that

that market themselves to appear as government affiliates and may use similar

names that sound like actual government agencies. If you do qualify for a

government program you lender will know, so contact them.

It’s important to understand that your mortgage lender has many options

available to help you avoid foreclosure. A lot of home owners stop

communication with there lender once they start falling behind to avoid the

collection calls and never get to find out about the options that are available to

them to save their home.

If you are going to hire a company to get you out of foreclosure and they are

requesting an upfront fee, you will need to proceed with caution. You will need to

do some due diligence and thoroughly research this companies back ground and

credentials. Ask for references and don’t just go by testimonials that are written

on their websites, as anyone can write these testimonials.

Both your lender and other government agencies can provide similar services at

no charge to the home owner. The first step is to contact you lender and they

can refer you to a government agency in your area.

Tips for Avoiding Foreclosure

Are continuously falling behind on mortgage payments? Have you received a foreclosure notice from your lender?  Would you like to avoid foreclosure process on your mortgage?

If your answer if yes to any one of the questions above, then you must read on. For I’m going intricate solutions that can help you avoid foreclosure on your mortgage.

When you find yourself falling behind on mortgage payment, do keep in mind to follow the 10 mortgage commandants that can avoid foreclosure.

10 mortgage commandants:

1. Don’t ignore the problem

It makes no sense to play a gentleman when the ship sinking deep. Admit your payment crisis! The more you try to mask calm and ignore a problem, the more harder will it be to avoid foreclosure.

2. Contact your lender as soon as you realize that you have a problem.

Remember this “Lenders need your Money; NOT YOUR HOUSE”. In reality, lenders appreciate it when you augment your fair reasons for falling behind on mortgage payments and are willing to re-negotiate mortgage terms, when you hit with crisis.

3. Open and respond to all the mail from your lender:

Be sure to acknowledge every mail from your lender. The first few notices are letters that carries first-class information that can avoid foreclosure especially when you are falling behind on mortgage payments. Later communications include important notices of pending legal action.  Your failure to acknowledge Lender’s email will stand an excuse in foreclosure court.

4. Know your mortgage rights:

It’s necessary to know your rights as a mortgagee. If you are particularly falling behind on mortgage payments, be sure to re-read the terms stated on the loan documents and you would have a fair idea on the foreclosure procedures practised by your lender. I would also recommend you contact the State Government Housing Office, so for You to gain understanding about your state’ foreclosure laws and timeframes.

5. Understand foreclosure prevention options:

Surf the web for options that are available for you to avoid foreclosure. One of the options that I’ve found highly the following links highly resourceful for helping homeowners.

Troubled Homeowner – is an organization developed to assist struggling homeowners.

6. Contact a HUD-approved housing counselor.

You can receive low cost (sometimes even funds free) housing counseling from the U.S. Department of Housing and Urban Development (HUD). The HUD counselors will acquaint you to all the laws relative to mortgage, help you organize your funds, and also arbitrate negotiations with the lender for you.  For more information contact a Housing and Urban Development counselor near your county.

7. Prioritize your spending.

Write down your all your expenses, concentrate of your core financial weakness and think-out of the box for solutions that will elevate your financial status. You can possibly cut down on less significant expenses so to make up for the funds needed for your mortgage payment. I would recommend you keep a financial journal with detailed entries of all expenses and credits. This will help you understand your spending pattern better.

8. Use your assets.

You could consider the option of selling a luxury asset like a car, jewellery or insurance policy, which can provisionally keep you away from falling behind mortgage payments. If there is a member in a family who can generate more income by taking a part-time job, do explore it. Though these efforts fail to craft a huge raise in your cash inflows, they can at least demonstrate your intentions and preventive attitude to avoid foreclosure on your mortgage.

9. Avoid foreclosure prevention companies.

It’s naive to pay fees to foreclosure rescue agencies, when you can use that same money to pay off the mortgage instead. Foreclosure rescue agencies are for-profit and they will seldom keep up with their promise to negotiate terms with your lender. However, if you are of an idea that you will need third party arbitration, consider contact The Troubled Homeowner Organization who may be willing to offer you the same services at either low or no cost.

10. Don’t lose your house to foreclosure recovery scams!

Do not sign any documents unless you fully understand the terms written on the contract. Many Foreclosure scams design equity skimming documents, which when singed will take over the title to your property and make you an renter in your very own home!  If you would like to avoid foreclosure try to get professional advice from an attorney, or a federal HUD approved Counselor.