As many people are struggling through these tough economic times, the scammers, thieves and liars move it. Some claim to be able to save you from foreclosures, some promise loan modifications for a fee.
The Federal Trade Commission (FTC) gives the following advice:
1) “Don’t pay for any business, organization, or person who promises to prevent foreclosure or get you a new mortgage. These so-called ‘foreclosure rescue companies’ claim they can help save your home, but they’re out to make a quick buck.”
2) Watch out for names, websites, phones numbers that make it look like they are official or a government agency to mislead you into believing so.
3) Be alerted by pitches such as, “We can stop your foreclosure,” “97% success rate!” “Guaranteed to save your home!”
4) “Send your mortgage payments ONLY to your mortgage servicer.” “Some scammers offer to handle financial arrangements, but then just pocket your payment.”
Also, never, never, never sign your deed over to one of these scammers regardless of the promises.
For more scam alert information, http://hopenow.com/loan-modification-scam-alert.php#
The FTC recommends that you talk to a HUD certified counselor, for free. The national hotline, 24/7 is 1-888-995-HOPE.
Also refer to www.makinghomeaffordable.gov and www.hopenow.com
Roy Johnson, Broker, Resident Realty
303-875-1986
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