How to AvoidForeclosureScams ContentsWhile there any many decent mortgage Introduction...…………………………….1consultants out there, it is an unpleasant factof life that crooks often prey on the week. If Work Directly With the Lender...2you are having difficulty affording mortgage Never Pay Money Up Front....…...2payments – and perhaps getting a little Never Pay to Third Parties…….…..2desperate – this is a time to be particularlyvigilant too. If it sounds too good to be true, Look For a Government-Housing Counselor…………..……….……….......3then it most likely is.
2Work Directly With Your LenderBanks are keen to talk with their mortgage customers thesedays, especially because the law says that they must. In mostcases, an intermediary adds little value and you could evenwaste your money. That said, if your situation is over-complicated, you might benefit from professional advice. Never Pay Money Up Front When people ask for payment without providing a written contract and without providing the services that they promise, then they are breaking the law. In other words, without a mortgage modification or new loan that you can afford, you owe them nothing. Never Pay Mortgage Installments to Third PartiesWhat’s does that mean?For more terms and definitions,check out ForeclosureDeals.com’s Only ever pay your lender direct, even if an adviser promises toglossary page:http://www.foreclosuredeals.com/G pass it on. What benefit could there possibly be, except forlossary.php slowing things down, or lining others pockets.
3 Speak To a Government-Housing Counselor if in DoubtForeclosure Deals12550 Biscayne Blvd, Suite 306Miami, FL 33181 They must be able to provide proof of identity andFAX: 1-347-402-6620Contact@foreclosuredeals.com registration. Be especially careful with any documents youIf it’s not a deal, we won’t list it here! are asked to sign. Be especially alert for cowboy scams thatFind us on the Web:http://www.ForeclosureDeals.com/ require you to sign over your home. There are some cruel crooks out there waiting to snare the gullible and rob them of their homes. Read everything you are asked to sign, and if any doubt, ask third party advice first. If you suspect that you have been swindled, do not delay. Get in touch with the Attorney General’s Public Inquiry Unit right away.