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Beware of Foreclosure Rescue Scams...SELLER BEWARE

By
Real Estate Agent with HomeSmart Encore - Las Vegas S.65708

Don't get scammed......

Here are some tips direct from the Fannie Mae website...read all here....

The best way to avoid becoming a victim is to get informed and ask a lot of questions. If you receive an offer, information, or advice that sounds too good to be true, then it probably is. Here are some tips:

Know the person you do business with. The U.S. Department of Housing and Urban Development (HUD) sponsors many housing counseling agencies that can help you with questions relating to foreclosure and credit issues. Before responding to any person or organization offering to "save" you from foreclosure, check that the organization is HUD-approved at www.hud.gov/counseling.

  • Beware of anyone who says that you don't need a real estate professional or title company when selling your home. You should always have a real estate professional, attorney, or a title company to help you with any transaction involving your home and protect your interests.

     

  • Don't be pressured to sign papers immediately or to transfer the deed of your house. Do not sign over the deed to your property to any organization or individual if you are not working directly with your mortgage lender to forgive your debt.

    Additionally, don't sign papers in exchange for a promise that someone else will pay off your mortgage. ALWAYS be sure to read and understand all paperwork before signing to ensure that you are not unknowingly giving someone else ownership of your home.

     

  • Beware of anyone who tells you that a buyer will purchase your home for the balance owed on your loan, plus an additional cash payment to you. Never make mortgage payments to anyone other than your lender, unless you have spoken personally to your lender about this. Scammers might ask you to make your payments to them; however, they pocket your payments instead of sending them to the lender.
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    If you are in the market for a Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of buying a home. 

    If you are in the market to sell your Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of selling your home. 

    Dawn Barrier
    Century 21 Aadvantage Gold
    614 N. Rainbow Blvd
    Las Vegas, Nv 89107

    (702) 812-4550


    www.LasVegasHotHomes.com

    Posted by

    Dawn Barrier at HOMESMART ENCORE Las Vegas, Nevada

    s.65708  

     

    (702) 812-4550 

    Las Vegas, Nevada   

     
     

     

     

    Blog & Website Disclaimer-This is a personal blog.

    All information is provided for entertainment, informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and is not intended to provide advice on any specific question or transaction. Parties to any real estate transaction should seek competent legal and/or tax counsel to determine the legal, credit and tax consequences of buying or selling a home.  The opinions expressed here represent my own & not those of my employer.  Dawn Barrier will not be liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness or any losses, injuries or damages arising from its display or use. Listing your home for sale and attempting to do a Las Vegas Short Sale is a possible solution to avoiding foreclosure but not a guarantee that your lender won't foreclose or pursue other means of collecting the unpaid debt between what you owe and what the home may sell for.  Copyright © 2020-2008 Dawn Barrier. All Rights Reserved. Any Stats are per the Las Vegas area MLS or public records as of this writing or as noted.

     

    Any Stats are on Resale Single Family homes only (unless otherwise noted) per the Las Vegas MLS & or public records as of this writing or as noted, covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

    All photography on this site are the property of Dawn Barrer unless otherwise noted and are  protected by U.S. Copyright laws and are not allowed to be downloaded or reproduced in any way without written permission of Dawn Barrier.If you would like permission to use a photo please email Dawn     Important Notice -This is a personal blog.

     

    HOMESMART ENCORE Las Vegas Dawn Barrier

    (702) 812-4550

    s.65708

    Comments(4)

    Show All Comments Sort:
    Bill Ladewig
    LoanOfficerSchool.com - Escondido, CA
    Experience Is Your Advantage

    Dawn, Good information.  Consumers should check BBB

    May 05, 2009 04:12 AM
    Wanda Kubat-Nerdin - Wanda Can!
    Red Rock Real Estate (435) 632-9374 - St. George, UT
    Southern Utah's Preferred Real Estate Agent.

    Good advice Dawn! Thanks for the post.

    May 05, 2009 04:43 AM
    Renée Donohue~Home Photography
    Savvy Home Pix - Allegan, MI
    Western Michigan Real Estate Photographer

    Rock on for getting the word out there Dawn!  Gotta love the handwritten signs about saving your house on the orange placards.  I feel bad for all the victims of scams these days :(

    May 05, 2009 10:16 AM
    Dawn Barrier Las Vegas Real Estate
    HomeSmart Encore - Las Vegas - Las Vegas, NV
    Homes in Las Vegas Nevada 702-812-4550

    Thanks everyone, just passing on what I feel everyone should be aware of.  I still am running into people weekly that have or almost got scammed.

    Renee,

    I know about the signs,,I was out yesterday & saw a few & took a pic...I will have to black out the #'s before I ever post.

    Thanks again!

    May 06, 2009 12:44 PM