Beware of Foreclosure Scams.
I was chatting with a few attorneys, mortgage guys and a Fraud investigator this morning and we have all noticed some scams floating around. One big issue is the news and the predators it creates. Most lenders do not have the home affordable guidelines in place. I spoke with 4 loan Officers from different companies today and none of them have the details yet for how Uncle Sam's plan will be implemented, but we all feel we should have details with in a week or two. In the mean time BE CAREFUL! It is strongly advised that you only speak with some one that is referred to you that actually knows what can and can not be done.
Please read the following carefully and pass it along to anyone you know.
There are many "Foreclosure Rescue" scams beginning to surface in light of the government's moves to help prevent foreclosures.
Here are some things to remember:
- There is never a fee to get assistance or information about the government's Making Home Affordable program.
- Beware of anyone who says they can "save" your home if you sign or transfer over the deed to your house.
- Never submit your mortgage payments to anyone other than your mortgage company without their approval.
- Never let anyone talk you into purposely going delinquent on your mortgage, that is never a good idea.
For more information on how to get help please click:
www.makinghomeaffordable.gov
Beware of Foreclosure Rescue Scams - Help Is Free
OR CALL 1.888.995.HOPE(4673)
- We should shortly have information on How to refinance your home if you owe more than 80% of the value, on up to 105% of the value. This plan should be able to help many people that closed in the past few years and may find themselves under water and not able to take advantage of todays record low rates.
Please call us with questions or for more information. As always I am here to help.
Have a great week!
Rob
Robert Rauf
Mortgage Banker
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
Since 1987 I have been helping my clients fulfill their dream of home ownership!
Real Estate Mortgage Network
NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey
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The fear here is for the people that are at risk of losing their homes. for the ones that owe close to the value there is some light at the end of the tunnel and we should have full guidelines and options on what we can do for you soon