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Avoid Foreclosure Scams!
• Its is your right and duty to think about offers and to ask questions, you cant ask too many. • Get all "promises" in writing. • Never give anyone a fee without receiving services. • Do not pay your mortgage payments directly to an individual or company other than your lender. • Beware of any loan assumption or home purchase contracts and offers where you are not formally released from liability for your mortgage debt and contracts of sales. Make sure you know what rights you are giving up and that you agree to give them up. • Never EVER sign anything with blank lines or spaces; information could be added later without your knowledge and consent. • Check with your lawyer or your mortgage company before entering into any deal. • If you are selling the house yourself to avoid foreclosure, check to see if there are any complaints against the prospective buyer. Contact your state Attorney General, State Real Estate Commission, local District Attorneys Consumer Fraud Unit, and Better Business Bureau (if the buyer is a business) for this information. • If you have been scammed contact your state Attorney General, State Real Estate Commission, local District Attorneys Consumer Fraud Unit, and Better Business Bureau (if the buyer is a business) and Department of Justice. REMEMBER that anything that sounds too good to be true usually is! If you suspect a predatory mortgage company is targeting you, call your local office of consumer affairs, the Federal Bureau of Investigation, an approved credit counseling agency. Article Directory: http://www.articledashboard.com K. Patrice Williams has a BA in Economics as well as a law degree. She has successfully managed both residential and commercial multi-million dollar income producing assets and budgets for more than 10 years. Patrice has researched and personally implemented almost all of the pre-foreclosure techniques detailed in the book: "6 Simple Steps to Avoid Foreclosure" www.avoidforeclosuremanual.com |
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