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