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.
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 Scams Posts On the Web:
- How To Stop Foreclosure – 3 Legitimate Solutions | Personal ...
- While there are many legitimate real estate investors, there has been a significant amount of fraud with ?Stop Foreclosure? scams, and it is wise to be very, very careful. Please remember: The crisis you now face will soon be over. ...
- Federal and State Agencies Target Mortgage Relief Scams ...
- Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams FTC Leads ?Operation Loan Lies? to Stop Fraud and Help Distressed Homeowners. July 15, 2009 - (RealEstateRama) ? Federal Trade Commission Chairman ...
- Help Stop Foreclosure - Bankruptcy For Dinner At Max & Erma's?
- ...a couple who have been victims of a foreclosure help scam? ...a single mom with medical debts? ...a man asking for student loan debt help? In short, why would any of them care whether Max & Erma's goes bankrupt or not? ...
by AvoidForeclosureHelp
You CAN Stop Foreclosure! Here are several Stop Foreclosure Tips & Resources (more)






