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Avoid Scams Claiming to Save you From Foreclosure

By
Real Estate Agent with Keller Williams American Premier Realty 615729

Be wary of those proposing to save you from foreclosure! Scams are popping up at an alarming rate across the nation.

If you're falling behind on your mortgage, others may know it, too - including con artists and scam artists. They know this situation makes you vulnerable and sometimes desperate. Potential victims are easy to find: mortgage lenders publish notices before foreclosing on homes. Private firms frequently compile and sell lists of these foreclosed properties and distressed borrowers.

Always proceed with caution when dealing with anyone offering to help you modify your mortgage or avoid foreclosure. Remember that you do not need a third party to work with your lender. Here are some tips to help you avoid being scammed:

*contact your lender or mortgage service provider first.

*Pay your lender directly.

*Avoid paying too much up front.

*Never sign documents you don't fully understand.

*Get everything in writing.