Stop Foreclosure Scams

In this type of stop foreclosure scam, you may be approached by a "buyer" who offers to to pay off your mortgage, and give you a lump sum of money when the property is resold.

The "buyer" - scam artist - may tell you that you will have to move out of your home fast and sign the deed of the property over to him or her.

The "buyer" may then rent your home to someone and collect rent money from them. BUT they DO NOT pay off your mortgage, nor do they make mortgage payments.

You never see a penny of money because the property is never "sold"

And, because the monthly mortgage payments were not made, the home goes into foreclosure, which ends up on YOUR financial record.

Just because you signed over the deed, does not necessarily mean you are not still liable for the mortgage loan payments.

There are ALOT of Stop Foreclosure "Experts" and "Counseling" Groups or Agencies around.

Many times these stop foreclosure scam artists will contact you and offer to "stop forecloure" on your home for a LARGE fee.

They take your money, and you never hear from them again. Their phone numbers are disconnected, and they have phony addresses.

These nasty scam artists know you are desparate to keep your home and/or stop foreclosure, and they feed on your fear and stress.

Please know, that you can stop foreclosure yourself and / or you can contact a non-profit government stop foreclosure counseling agency too.

You DO NOT have to pay anyone any money to stop foreclosure.

If you are facing foreclosure, call a HUD-approved housing counseling agency at:

1-800-569-4287 or TDD 1-800-877-8339

Call HUD before you pay anyone or sign anything to do with stopping foreclosure!

Here are several tips that can help you spot and avoid
being "taken" by these nasty scam artists:

1. Don't sign any papers - have an attorney review them first.

2. Beware of any contract of sale or loan assumption where you are not formally released (which means you receive documentation from YOUR mortgage lender) from liability for your mortgage loan.

3. Always Check with an attorney and/or lawyer 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.

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 "agency" to see if they have been reported. Alternatively, you can report these scam artists too.

* Stop Foreclosure Tips

* United States Foreclosure Laws

* Stop Foreclosure Fast

* Hardship Letter to Stop Foreclosure

* Stop Foreclosure Blog

* FRB - Foreclosure Resources for Consumers


STOP FORECLOSURE SQUIDOO LENS

* Free Stop Foreclosure Help Info

* How To Stop Foreclosure Yourself

* Stop Foreclosure Counseling Government Agencies

* Stop Foreclosure Options to Use

* Avoid Stop Foreclosure Scams