avoiding foreclosure scams
Danger Signs
If you’re in need of foreclosure relief, who should you avoid?
- Anyone who encourages you to contact your lender
- Anyone who pressures you to sign papers you haven’t read completely
- Anyone who says they aren’t sure they can save your home
“B” is correct. Companies that claim they definitely can stop your foreclosure, get you a loan modification, or that all or most of their clients obtain a loan modification or other relief aren’t trustworthy. Also avoid anyone who says not to contact your lender, lawyer, or housing counselor; asks for an upfront fee (unless it’s an attorney you’ve checked out); only accepts wire transfers or cashier’s checks; asks you to lease your home to them; tells you to make your mortgage payments directly to them; asks you to sign over your deed or title; or who offers to buy your home for cash at a much lower price than the current market value.