In the past few months I have been reading article after article about fraudulent companies that want to help homeowners that are faced with foreclosures.
These days if you are having finacial problems and are starting to feel desperate to come up with ways to save your home, you need to be very careful to whom you turn to. There are many scam artists out there who prey on homeowners who are faced with foreclosure. Below, are a list of some of the more common scams that are being reported nationwide in our market.
*If someone asks you for money to help you get out of debt, make sure you know who you are dealing with. The individual who has promised you help will usually disappears as fast as the money you handed over to him.
*Another scam tactic we are seeing in today’s market are individuals posing as real estate professionals of one kind or another. After they earn your trust, and promise to help, they come to you with documents that look very similar to a refinancing application, but in actuality these documents are transfer papers for your title. The moment you sign, you have lost your home.
*Another type of scam that is just another trap, are individuals who counsel desperate homeowners into filing for bankruptcy, promising this would SAVE your home. Unfortunately, the only person this helps is the scam artist who takes your money to file the bankruptcy.
The list goes on and on. If you are faced with foreclosure, in my opinion, the best place to turn is a real estate professional or your financial institution. In most cases, you bank does NOT want your house. Also, all “financial rescue companies” are not fraudulent. Just make sure to do your homework and if it sounds to good to be true, it probably is.