How to protect yourself from "foreclosure rescue" scams:
Source: Legal Assistance Foundation of Metropolitan Chicago, staff research
• Contact your lender as soon as you know you'll be late on a payment. Lenders are increasingly willing to renegotiate loan terms.
• If you need further help, speak to a counselor certified by the Department of Housing and Urban Development: Find a Housing Counselor.
• Be very skeptical of posters on telephone poles, median strips and at bus stops offering foreclosure help.
• Be wary of a company that tells you to transfer your property deed or title to the company.
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• Don't make payments to any party other than your lender.
• Don't sign a "quit claim deed" (a document that claims you have no legal interest in the property) without being instructed by your attorney or representative to do so. Reject any deal that would have you rent your own home and then buy it back later.
• Reject offers from people who vow to make good on your missed payments and take the house off your hands in exchange for documents that assign them the surplus from a foreclosure sale.
• If you can't afford to keep your home and you decide to sell it, do so through a licensed real estate agent who will help you sell the home for a fair market price.
• Don't sign anything with blank lines or spaces.
• Be wary of an individual or company that calls itself a "mortgage consultant," "foreclosure service" or something similar.
• Avoid an individual or company that collects a fee before providing services.
• If your English is limited, use your own translator; don't depend on the "rescue" firm's translator or anyone else's.
• Use your own independent attorney, rather than one selected by the "rescue" firm.
Source: Legal Assistance Foundation of Metropolitan Chicago, staff research
Renaissance Realty Group DOES NOT CHARGE AND UPFRONT FEE AND AS PROFESSIONAL REALTORS WE ARE GOVERNED BY THE STATE OF GEORGIA --- Call us if you have questions we are here to be of service.
Eric Reid, Managing Broker Renaissance Realty Group Inc. Short Sale Certified REO Certified Graduate Harris Real Estate University Office: 404-921-2067 x 102 Fax: 770-513-4443 Search All Georgia Homes for Sale at www.GeorgiaOnlineHomes.com
It amazes me on how buyer does not stop and think about a situation OR contact a realtor, we answer so many calls a day, off what a person tries to scam ! Have a great week.
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