Friday, September 18, 2009
Lot of desperate homeowners receives an unscrupulous call saying "we know you are going through a rough period. We know your lender well and so we can speak to him and help save your house. Call this toll free number now".
Homeowners think that their problem will be solved and so call on that toll free number and agree to pay $1200 to $1,500 upfront for help with their mortgage. But nothing happens. Their home still goes into foreclosure.
Harold Kirtz, a lawyer who is prosecuting these scammers, says victims are often well educated and financially savvy, but they also are "in a very vulnerable state".
Here are some tips that will help homeowner run in the opposite direction
Homeowners think that their problem will be solved and so call on that toll free number and agree to pay $1200 to $1,500 upfront for help with their mortgage. But nothing happens. Their home still goes into foreclosure.Harold Kirtz, a lawyer who is prosecuting these scammers, says victims are often well educated and financially savvy, but they also are "in a very vulnerable state".
Here are some tips that will help homeowner run in the opposite direction
- If a company calls up and guarantees that lenders will not foreclosure or will modify the loan. Then he is faking. Nobody can guarantee a lender will not foreclose or modify a loan.
- If a company calls up and says they want money upfront. All the advance fees are not considered illegal but in most of the cases they’re considered bogus.
- If the company calls up and tells homeowners to send the mortgage checks directly to the modification firm. The only possibility is that the company can cash the checks.
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 6:47 AM
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