Friday, June 11, 2010

Don't Become a Foreclosure Scam Victim!

Unfortunately there are always people out there who are ready to take advantage of someone in a bad situation. During these tough financial times there are even more opportunities for people to fall victim. Companies claiming to help people avoid foreclosure actually get people to sign over their home. These home rescue scams are increasingly on the rise. Homeowners that are struggling to pay their mortgage or are anxious to sell their homes are often victims.

There is help available for dealing with foreclosure and other financial problems. Always try to work with the original lender or a reputable organization. Avoid taking help from an unsolicited source with out doing research to make sure they are legitimate.

The best way to avoid mortgage fraud is to recognize and understand the signs.
Be suspicious if a company or person:
  • Offers to rent your house to you so you can buy it back over time
  • Charges an up-front fee before providing any services
  • Offers to fill out paperwork for you or uses forms that contain blank spaces "to be filled in later"
  • Wants you to transfer the deed to your house
  • Pressures you to sign paperwork you haven’t had a chance to read thoroughly or that you don’t understand.
  • Encourages you to borrow more than the value of your home
Some common scams that homeowners fall victim to are:

Rent your own home scam:
In this scam the rip-off artist offers a solution that will allow the homeowner to remain living in their home. The homeowner will be required to surrender the title to their house but they will be able to stay there as a renter. Often times there will be a promise of very low rent with the commitment of selling the house back to the original homeowner in the future. The rent is usually set at an amount that the homeowner can’t afford and they are then evicted from their home. In the end, the homeowner loses the house and any equity that may have existed is gone.

Help with a price:
In this case the “rescuer” offers his services to help the homeowner avoid foreclosure. For a large upfront fee the scammer offers to represent the homeowner to the lender and handle the financial arrangements. Unfortunately the scammer doesn’t follow through but they do pocket the money.
The NEW loan scam:
In this scam, the homeowner is offered a new loan that is supposed to solve all of their financial problems. When the homeowner signs the documents for this NEW loan they are actually giving ownership of the home to the rip-off artist. In the end, the homeowner still owes for the mortgage but they no longer own their home.
When it comes to your home and any finances always be careful and cautious.
Like the old saying goes…If it seems too good to be true, it probably is.


Additional information and help:
HUD - Foreclosure Avoidance Counseling
The Federal Reserve Board - 5 Tips for Avoiding Foreclosure Scams
The Federal Trade Commission - Foreclosure Rescue Scams



47 comments:

  1. I have read your article, it is very informative and helpful for me.
    HowToFlipAHouse.net
    TeamTierney.com

    ReplyDelete
  2. This is an amazing blog; I was trying to figure out how to keep in contact with your blog until I found a decent information about foreclosure scam. I really wish you to have a good day and keep with the good work! Best Online Mortgage Canada

    ReplyDelete
  3. The terms and situations we portray are by and large what occurs in the realm of seaward banking. In certain purviews the wording and strategies might be marginally extraordinary however the overall way things continue will be in accordance with the situations portrayed in this article. routing number on check

    ReplyDelete
  4. I have read all the comments and suggestions posted by the visitors for this article are very fine,We will wait for your next article so only.Thanks! 로또예상번호

    ReplyDelete
  5. Your information is really amazing. Definitely that things are very useful for us. I'm impressed with your article. please share more information with us. Investing for Retirement in your 60's

    ReplyDelete
  6. Really I enjoy your site with effective and useful information. It is included very nice post with a lot of our resources.thanks for share. i enjoy this post. tor hydra

    ReplyDelete
  7. Facing allegations of PPP loan fraud?" this is a great website to get info.

    ReplyDelete
  8. This comment has been removed by the author.

    ReplyDelete
  9. Rather than buying any domain name, it's vital that people conduct adequate research on sites, such as eBay, AfterNic, or any other domain auction site in an effort to get the latest trends on domain names that's selling. 10 ways to earn money online

    ReplyDelete
  10. After a long time, I read a very beautiful and very important article that I enjoyed reading. I have found that this article has many important points, I sincerely thank the admin of this website for sharing it. best recover scammed bitcoin service provider.

    ReplyDelete
  11. Enjoyed reading the above article, in fact everything is explained here, the article is very interesting and effective. Thanks, and good luck for the upcoming articles. Loan Scam

    ReplyDelete

  12. It's very nice of you to share your knowledge through posts. I love to read stories about your experiences. They're very useful and interesting. I am excited to read the next posts. I'm so grateful for all that you've done. Keep plugging. Many viewers like me fancy your writing. Thank you for sharing precious information with us. Best crypto recovery services service provider.

    ReplyDelete
  13. If you're interested, just enroll on sites, such as TutorVista, SmartThinking, Tutor dot com, and E-Tutor. Once you've gained a good reputation as a coach, opportunities will come pouring in asking for you to assist with lectures, webinars, etc. Chris Harrold

    ReplyDelete
  14. For instance, you could write articles and blog posts for others using platforms, such as PayPerPost, Helium, and Weblogs. how to make money online for beginners

    ReplyDelete
  15. That is a good blog for reading. Marvelous content with great information facts.
    Kubota tractor


    ReplyDelete
  16. My luck is definite, as you are mine. Being in your arms give me the happiness of this whole world. Marry me sweetheart on this eve of new year to make this year memorable and special. Happy New year! Happy new year Around the World 2022

    ReplyDelete
  17. Posting a domyhomework 123 reviews as a college application might be exciting, but it also needs a great deal of effort, focus, and study. This type of essay writing requires a lot of attention and time. A well-written college essay may leave a lasting impression on the admissions staff of the university to which you wish to apply.

    ReplyDelete
  18. Sadly there are consistently individuals out there who are prepared to exploit somebody in an awful circumstance. During these extreme monetary occasions there Assignment Writing Service Uk are considerably more open doors for individuals to succumb. Organizations professing to assist individuals with staying away from abandonment really get individuals to give up their home.

    ReplyDelete
  19. You have choose very good topic here that really useful for every visitor. I hope I will see more good news in coming future. Thanks.
    섯다

    ReplyDelete
  20. We know that many home-owners prefer to experience a maintaining company now that before choosing if they’re the ideal, most highly regarded choice with regard to cleaning must have. Thankfully, our residential housekeepers search through a descriptive vetting process together with a thorough record check well before training to affix our power team. house cleaning services

    ReplyDelete
  21. Hi there, its pleasant post about media print, we all understand media is a wonderful source of facts. 경마

    ReplyDelete
  22. CASINO N°9N - Casino Gods Help Center
    The Casino Gods will be located near the hotel. 코인 갤러리 This will be 버슬롯 a resort owned by the 토토 하는 법 operator. The Casino Gods 슈어벳먹튀 will also be located near the Hotel. 브라 벗기 The

    ReplyDelete
  23. Thank you for sharing this useful knowledge with me. This article gave me some important information about mortgage loan comparison singapore. Continue to publish articles like these.

    ReplyDelete
  24. I wanted to know about starting my web log. I think you have what you need to set up, and you have a blog. I hope that a good blog will be created. 스포츠토토

    ReplyDelete
  25. There have been some unbelievable players who have graced the game over the years and some have left their mark on the sport by using a signature move. sportstoto365 바카라사이트

    ReplyDelete
  26. Superb. Thanks for posting that. I'll definitely check back to read more and recommend my acquaintances about your website. 파워볼

    ReplyDelete
  27. Very nice article and straight to the point. I don’t know if this is truly the best place to ask but do you folks have any ideea where to get some professional writers? Thank you. 바카라사이트

    ReplyDelete
  28. Hi! this is often nice article you shared with great information. Thanks for giving such an exquisite informative information. 바둑이사이트넷

    ReplyDelete
  29. You've written an excellent post, and you've shared it with us. Your article provided me with some unique and useful knowledge. I appreciate you sharing this text with us. Business Debt Settlement Attorney

    ReplyDelete
  30. It's very nice of you to share your knowledge through posts. I love to read stories about your experiences. They're very useful and interesting. I am excited to read the next posts. I'm so grateful for all that you've done. Keep plugging. Many viewers like me fancy your writing. Thank you for sharing precious information with us. Lost Money Recovery Services

    ReplyDelete
  31. Thanks for sharing this.,
    Leanpitch provides online training in Agile coach certification, everyone can use it wisely.
    agile coach certification
    icp acc certification

    ReplyDelete
  32. Your post got my attention and shows me different perception for how we should boost our site. This is a really perfect for a new blogger like me who doesn’t want their site to be messy with those spammers who don’t even read your post but they have the guts to comment in your site. Thanks again.
    토토
    경마

    ReplyDelete
  33. It was very easy to find my way around and very user friendly Good job to your designer and dev of your site. I hope your rate was doing well.
    카지노
    사설토토

    ReplyDelete
  34. People should know these tips because you have great content! Thanks anyway!
    majortotosite
    racesite
    oncasinosite
    totopick

    ReplyDelete
  35. I like what you guys are up too. Such clever work and reporting! Keep up the superb works guys I¦ve incorporated you guys to my blogroll. 온라인카지노

    ReplyDelete
  36. Great Post! I look forward to seeing more from you in the future. There are some very great ideas above. Feel free to visit my website; 온라인카지노

    ReplyDelete
  37. Mega Game Online Slot Game mega game The newest website 2021, the number 1 slot website

    PG SLOT online slots game pg Sign up for a new account, get a 100% bonus, 1st place

    PG SLOT online slots game pg Sign up for a new account, get a 100% bonus, 1st place

    ReplyDelete
  38. Students from all over the world are trying to get a quality education, but they have to face such a problem as lack of time to complete their assignments. We paperwritingservices.reviews can help you write a good quality essay of any level of complexity

    ReplyDelete
  39. Uk’s fraud department didn’t believe when linked them to one ponzi, who has rised +20K users in two weeks. The “company” offers 3.6% daily profit, ( equals to 1200% a year) . so definitely a big ass scam.I sent all my money and found out that the “payment proof” addresses led to the “company's” accounts that has been transferred over 500.000 (500thousands) BTC! through ( itguy@tech-center.com ) and recovered my money Who can we trust if the law department doesn’t want to investigate, even when notified about it..

    ReplyDelete
  40. Delaware Park Online is a totally inclusive, digital gaming environment, constructed to deliver a superior on-line gaming experience. DraftKings Sportsbook entered the Colorado sports activities betting market through a partnership with the Mardi Gras Casino in Black Hawk. Here’s a complete listing of Colorado casinos, lots of which provide lodging, leisure, meals and alcohol providers. The invoice handed rather simply in the summertime of 2019, however it wasn’t without opposition. Some detractors hoped to see a $100 limit placed on all sports activities wagers, while others pushed for 1xbet the inclusion of race tracks to offer sports activities betting.

    ReplyDelete
  41. Find the best Fixed mortgage rate in Alberta that work perfectly for you. We make it easy to compare rates in Alberta big banks and top brokers for free. Compare Mortgage Rates Alberta

    ReplyDelete
  42. your post is very useful for me and i want to know more about this topic. thanks for your great effective post and well done!
    Chesterfield DUI VA

    ReplyDelete
  43. Please stay us up to date like this. Thank you for sharing. Abogado Transito Frederick VA

    ReplyDelete
  44. I extend my genuine appreciation to the visionary behind this blog. Your unwavering dedication and relentless effort truly shine and are deeply valued. The consistently profound content you provide is a testament to your steadfast commitment. I am eagerly looking forward to immersing myself in more of your captivating articles. Your exceptional contributions undoubtedly deserve recognition and my wholehearted endorsement.How Many Points Is Reckless Driving in New Jersey

    ReplyDelete
  45. What steps should you take after falling victim to an online scam? read the caption below

    With the rise of digital finance and online interactions, the shadows of crypto scams, forex scams, romance scams, and other online investment frauds have unfortunately also grown. But there's a beacon of hope – Rustik Cyber Hack Service.

    We specialize in fund recovery services, offering expert and reliable assistance to victims of various online scams. Whether you’ve been lured into a faulty investment, tricked by a too-good-to-be-true romance, or caught in the web of crypto or forex deception, our team stands ready to support and guide you through the process of reclaiming what’s rightfully yours.

    Don’t let scammers get the last laugh! If you or someone you know has been a victim, it’s time to take action.

    Contact Us Today! Let our team at Rustik Cyber Hack Service help you navigate the recovery journey with confidence and expertise. Your first step back starts here. E mail: (contact@rustikcyberhackservice. com) Get more information on Web site: RUSTIKCYBERHACKSERVICE.COM and easily reach out to Rustik Cyber Hack Service through WhatsApp: or Telegram: @rustikcyberhackservice

    All cryptocurrency transactions are recorded on blockchain ledgers, using unique addresses to identify users. With the right tools and expertise, tracing crypto is more possible than you might believe. Do your research about blockchain ledgers and consult Rustik Cyber Hack Service for crypto recovery assistance.

    Cyber security agency #CryptoSafety #BlockchainSecurity #Blockchainledgers #cryptocurrency #cryptorecovery

    ReplyDelete