As soon as you start missing your house payment, predators are eagerly contacting you and promising all kinds of help. Don’t be taken in by these fools. They will have you sign lots of documents and promise that you can stay in the house and rent it back from them. Please watch the video so you are not taken advantage of again.
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Also an excellent article that you might want to share with someone you know who is having difficulty paying their house payment is Avoiding Mortgage Fraud. Be careful who you talk to.
For authorized help, call 1-800-995-HOPE and on the Internet go to Tips for Avoiding Foreclosure by the U.S. Department of Housing.
Remember, if it sounds too good to be true, IT IS! Don’t get caught up in fraud where scammers are looking for a quick buck, that take your money, your deed and leave you holding the bag.
Think smart and only deal with reputible real estate agents, the bank where you have your loan and HUD.
Other Fraud Articles:
Sacramento Real Estate Fraud-Homeowners Read This
Sacramento Short Sales and Foreclosures
Are Short Sales and Foreclosures A Good Deal?
Fraud in Real Estate
What Does Short Sale Mean?
Foreclosures, Buy or Don’t Buy?
Do You Understand Foreclosure?
2007 Where Knowledge is Power in Real Estate
Want to Be An Investor?
What Sellers Need to Know About Receiving Offers
This entry was posted on Tuesday, December 18th, 2007 at 8:00 am and is filed under Fraud, Loan Fraud, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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