Zack ChildressForeclosure and Home Equity Fraud Tips

Foreclosure And Home Equity Fraud Tips

How foreclosure rescue scam work?How to avoid foreclosure scams?What to do of I am scammed?

Foreclosure And Home Equity Fraud Tips:

• Home owners are in a vulnerable situation.• They are unable to pay their mortgage

loans.• Difficult to meet their daily expenditure.• The scammers take advantage and owner

will not be in a condition to check.• Sometimes they also place an

advertisement online which will be too good to be true.

How Foreclosure Rescue Scam Work?

The two common and broad categories, sale-leaseback scams: The scammer offers to buy the house from you

so you can repay the mortgage loan.Stealing the home without the owner’s

knowledge: Transferring the property in their name or

forges your signature.

How To Avoid Foreclosure Scams?

Following are the ways to avoid the scam:

1.Keep in touch with your mortgage lender.2.Get information about foreclosure process.3.Consult authentic foreclosure counseling

agency.4.Avoid signing the document.

Keep In Touch With Your Mortgage Lender:

• When you find the difficulty in paying your mortgage loan.

• Contact your mortgage lender immediately instead of contacting the agencies who approach you.

• You help to repay your mortgage loan.• By contacting your lender, you can go for

refinance or restructure the loan.• Keep in contact touch with your lender during

the mortgage workout or foreclosure process.

Get Information About Foreclosure Process:

• This is the best way to avoid foreclosure frauds.

• As you can be sure about when you can lose your home.

Consult Authentic Foreclosure Counseling Agency:

• You can contact HUD approved housing counseling agency.

• National Foundation for Credit Counseling certified counselor.

Avoid Signing The Document:

• The document without reading or understanding it.

• Signing of the blank paper is even more dangerous.

What To Do If I Am Being Scammed?

• if you are fooled before or during the foreclosure process.

• do not hesitate to contact a lawyer or a HUD approved counseling agency or National Foundation for credit counseling certified counselor.

• Even if the authorities are not able to help you, the complaint will for to criminal investigation.

Zack childress tips:See More: http://zackchildressrealestate.com/2016/11/21/zack-childress-foreclosure-home-equity-fraud-tips/