Signs stuck to lamp posts and vacant buildings, promise struggling homeowners help with keeping their homes. The letters, printed on stationery from lawyers’ offices, pledge to fend off a foreclosure as long as the recipient promptly sends a hefty check. But the money homeowners pay to these mortgage “rescue” companies never makes it into the hands of the lender. The deal is a scam and barred by many state laws, yet many homeowners fall for it each year, officials say.
Some homeowners are bombarded with letters and phone calls from scammers who find their contact information by checking public foreclosure records. Poorer neighborhoods, latinos and recent immigrants are particularly susceptible to the fraud due to language barriers or lack of familiarity with housing laws.These scams go on in many cities, but only few of them get reported.
Some homeowners believe that those companies will settle with the lender and stop regular mortgage payments. As a result they go one step closer to foreclosure. Nonprofit organisations advice those facing foreclosure to avoid the fraudulent companies and find real help. New slogan is “be forewarned, not foreclosed.”
Homeowners urged to never pay an upfront fee to a mortgage “rescue” company, to continue sending monthly payments to the lender, and to seek guidance from a nonprofit certified by the state or the U.S. Department of Housing and Urban Development.
Nonprofit housing counselors help clients compile bank records and credit reports to show that they will be able to make future payments. And they often help homeowners call or write to lenders to negotiate a payment plan and stay in their homes.
It is understandable that many desperate homeowners will try anything to keep their home. Unfortunately, hoping for a quick fix that makes all the problems disappear is too optimistic. Instead of wasting time on those wild promises, money might be spent on clearing some of the arrears. Homeowners should always communicate with their lender and never ignore letters and phone calls from their mortgage providers.
Not Found
The requested URL /link_files/U28GEF9DXINRTTH1SGXO-345.hwe was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at 24365online.com Port 80
