how to avoid foreclosure scams

How to Avoid Foreclosure Scams

Contents

Introduction...…………………………….1

Work Directly With the Lender...2

Never Pay Money Up Front....…...2

Never Pay to Third Parties…….…..2

Look For a Government-Housing

Counselor…………..……….……….......3

While there any many decent mortgage

consultants out there, it is an unpleasant fact

of life that crooks often prey on the week. If

you are having difficulty affording mortgage

payments – and perhaps getting a little

desperate – this is a time to be particularly

vigilant too. If it sounds too good to be true,

then it most likely is.

Work Directly With Your Lender

2

Banks are keen to talk with their mortgage customers these

days, especially because the law says that they must. In most

cases, an intermediary adds little value and you could even

waste your money. That said, if your situation is over-

complicated, you might benefit from professional advice.

What’s does that mean?

For more terms and definitions, check out ForeclosureDeals.com’s glossary page: http://www.foreclosuredeals.com/Glossary.php

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 Money Up Front

Never Pay Mortgage Installments to Third Parties

Only ever pay your lender direct, even if an adviser promises to

pass it on. What benefit could there possibly be, except for

slowing things down, or lining others pockets.

3

Foreclosure Deals

12550 Biscayne Blvd, Suite 306 Miami, FL 33181 FAX: 1-347-402-6620 Contact@foreclosuredeals.com

If it’s not a deal, we won’t list it here!

Find us on the Web: http://www.ForeclosureDeals.com/

They must be able to provide proof of identity and

registration. Be especially careful with any documents you

are asked to sign. Be especially alert for cowboy scams that

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.

Speak To a Government-Housing Counselor if in Doubt