Prevent fraud and avoid being scammed
 

Welcome to our fraud prevention Archive. Have fun browsing!

 

Article #152: Don't Let Foreclosure Prevention Scam Artists Make A Bad Situation Worse

(Browse for more articles)

 
There is a saying that good news travels payments directly to them.
fast but bad news travels at the speed of • Tries to convince you to sign over
light. If you happen to be embroiled in a the deed to them right then and there.
foreclosure you probably understand what If you are going to sign over the deed,
I mean. Aside from the bill collectors make sure you understand the
hounding you daily there now appears ramifications of doing this, and that you
another group of people bent on being the have had a chance to review ALL of the
one and only ray of hope left if you want documents.
to stop foreclosure. • Have a real person answer the phone
I am not saying all these individuals or twenty-four hours a day.
companies are simply out to make a quick As stated before there are numerous
buck off your dilemma. There are many companies that do deliver on their
reputable outfits ready, willing, and promise. How can you identify these?
able to provide you with legitimate • Are willing to offer a free initial
foreclosure prevention service. You must consultation and go over your unique
perform your due diligence before making situation. • Make it clear you have
your choice. no obligation to them.
These scam artists often charge high fees • Are willing to explain what your
and take the money and run, and the foreclosure prevention entitlements are.
homeowner find themselves in a worsened • Are honest about their foreclosure
financial predicament. They target people prevention success rate, and make no
already in a distressed and highly guarantees of being 100% successful.
vulnerable state, and who have the least • Registered with the Better Business
amount of excess funds to take away from Bureau and have a proven track record of
preventing foreclosure. These entities consumer satisfaction.
collect fees ranging from a few hundred • Have a real person answer the phone
up to thousands of dollars and simply do twenty-four hours a day instead of
not deliver on their promise. Consumers directing you to an answering machine.
have complained they never received help, Understandably it is tough to make
or when they complained, no refund was rational decisions under stress. You must
forthcoming. keep your wits about you when choosing a
What advice should a homeowner follow to foreclosure prevention service. Your
prevent becoming a victim of this ruse? credit rating and finances will be
If you are facing foreclosure, be very affected by this decision for years to
wary of an individual or company that: come.
• Can't position themselves and tell Do you know if the voice on the other end
you exactly how they can help you.. of the phone has your best interests in
• Before providing any service asks for mind regarding helping you avoid home
a fee up front. foreclosure? There are a few important
• Makes the claim that for the service things to know to prevent making an
to work you must send your home mortgage already stressful worse.






1 - A - B - C - D - E - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 - 12 - 13 - 14 - 15 - 16 - 17 - 18 - 19 - 20 - 21 - 22 - 23 - 24 - 25 - 26 - 27 - 28 - 29 - 30 - 31 - 32 - 33 - 34 - 35 - 36 - 37 - 38 - 39 - 40 - 41 - 42 - 43 - 44 - 45 - 46 -