Facing Foreclosure? There Is Help, But Don't Be Scammed!
Troubled Homeowners Beware! Scam artists are attempting to make money off of borrowers interested in taking advantage of President Barack Obama’s foreclosure-prevention plan.
These firms are charging fees for what they tell borrowers will be quick and effective negotiations with banks. In most cases, the firms take the home owners’ money – often more than $1,000 – and do nothing.
The Federal Reserve recently issued this advice for people seeking to modify their mortgages:
These firms are charging fees for what they tell borrowers will be quick and effective negotiations with banks. In most cases, the firms take the home owners’ money – often more than $1,000 – and do nothing.
The Federal Reserve recently issued this advice for people seeking to modify their mortgages:
- Work only with HUD-approved nonprofit counselors.
- Don't agree to pay a fee before you are provided with the promised service.
- Beware of people offering "guaranteed" results.
- Don't sign blank forms or documents you haven't read.
Labels: atlanta, avoid foreclosure, foreclosure, homeowners, HUD
posted by Quentin Wilson at
12:39 AM
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