how to avoid foreclosure scams
DESCRIPTION
Know how to avoid foreclosure scams with this presentation from ForeclosureDeals.com. If you are dealing with foreclosure issues, watch this presentation carefully.TRANSCRIPT
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 [email protected]
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