An ascending sector is that of foreclosure and of scams who are entrusted with the responsibility of helping homeowners from loosing home to foreclosure. They trick and try to steel the money you have earned after working hard, obliterate your credit history and take away any equity you may posses.
The people in terrible financial condition become the ultimate prey of the foreclosures. It is not difficult for the foreclosures to find these people as the notice is published before the houses are foreclosed. They seek the information from there and contact their victims most commonly via mail, phone or email. They even advertise on web their services under striking heading similar to, "foreclosure consultant" or "mortgage consultant" and also term their services as "foreclosure service or "foreclosure rescue agency."
Bankruptcy Court, Good Bankruptcy Lawyer, Bankruptcy Software For Attorneys,
Legitimate financial counselor or mortgage lender should be contacted, if facing foreclosure, who can advise you various options of avoiding foreclosure. It is necessary that you check the reputation, credentials and experience of the person offering his services to delay or stop your foreclosure for a fee. Following suggestion may prove helpful to you.
Be careful with the foreclosure rescue scams:
Lease-Back or Repurchase Scams- in this you signed on the deed of the home with the individual who agrees to pay your rent and mortgage the home back to you. This will not be a help as you still need to pay the rent and the person may exploit you by raising the rent, steeling your equity, selling the house or can force you out.
Refinance Fraud- You are offered refinancing of your loan at a lower rate by an individual acting as a lender or mortgage broker. The situation as mentioned above is created as they make you believe that you are entering in to a new loan but in reality you are signing over the ownership of your home.
Bankruptcy Schemes- Be very careful and examine thoroughly the bankruptcy laws while signing over your home ownership because these scam try to violate the bankruptcy laws as these are complex schemes.
Protecting your self against scams:
Always read carefully before signing- Be very careful in signing the documents. Read them carefully and take advice if you don't understand anything and avoid signing anything that is blank, have errors or contain misleading information even if the person promises to amend it afterwards.
Everything should be get in writing- Don't trust any verbal agreement and try to take everything in writing because they verbal agreement have no legal binding and keep copies of all the document you have signed.
Make the payments directly to the lender or to the mortgage service provider- Don't involve any one in making the payment rather directly involve the lender or the mortgage service provider.
Be careful when signing your deed- Get lawyer's or financial advisor's advice when signing a deed because these scam are looking for an opportunity to deceive you and may take your equity or the right of your property from you.
Suspicious activities should be reported with the Federal Trade Commission and local and your state consumer protection agencies should also be informed. This will prevents others from becoming the prey of these scams.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
Rating of Bankruptcy Information
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment