They Say They Will Help Stop Foreclosure, But ...
It is unfortunate, but when there is a problem that needs to be solved, there are also a multitude of scam artists ready to scam you into thinking they can solve your problem. Stop Foreclosure scams are no different.
Here are several ways to spot and avoid stop foreclosure scams:
Here are several ways to spot and avoid stop foreclosure scams:
Stop Foreclosure Scam: Equity Skimming
Yikes! Don't ever "Deed"" Your Property Over To A Stop Foreclosure "Expert"
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.
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.
Stop Foreclosure Scams: Phony Stop Foreclosure Counseling Experts or Agencies
These Stop Foreclosure Scams Have Sprung Up All Over Like Weeds ...
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!
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!
Stop Foreclosure Scams - Precautions to Spot & Avoid them ...
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.
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 Scams Videos
Free Stop Foreclosure Help Resources:
* 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
Stop Foreclosure Books on Amazon:
Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
Amazon Price: $13.57 (as of 07/11/2009) 
How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
Amazon Price: $12.89 (as of 07/11/2009)
Foreclosure Self-Defense For Dummies (For Dummies (Business & Personal Finance))
Amazon Price: $13.59 (as of 07/11/2009)
Stop Foreclosure Scams Posts On the Web:
- How To Avoid Foreclosure Scams And Scumbags | Real Estate Information
- If you are facing foreclosure, you may want to read on to learn about the signs of a possible scam and what to look out for when trying to stop foreclosure. Below are the warning signs of a foreclosure rescue scam. ...
- Posts about Foreclosures as of July 11, 2009
- Making Payments To Stop Foreclosure ? Foreclosure Gods: Make a Plan to Stop Foreclosure Fast ? Part 2 After you have had a chance to review your budget and make any necessary adjustments in income and expenditures, you can move to the ... Foreclosure Scams ? Northampton County program aims to stem record foreclosure flood ? Allentown Morning Call Straining to stand against a record flood of foreclosures, a new Northampton County program faced its first test Friday and ...
- Steve Six launches "Operation Homestead" to stop foreclosure scams ...
- Steve Six launches "Operation Homestead" to stop foreclosure scams Kansas City Star ?During these tough economic times when more Kansans face foreclosure, unscrupulous people are trying to take advantage of homeowners under the guise of ...
by AvoidForeclosureHelp
You CAN Stop Foreclosure! Here are several Stop Foreclosure Tips & Resources (more)
