West Lafayette and Lafayette area homeowners: BE AWARE OF MORTGAGE RELIEF SCAMS!

By
Real Estate Sales Representative with Keller Williams Realty Lafayette, IN

WEST LAFAYETTE  and LAFAYETTE area homeowners:  BE AWARE OF MORTGAGE RELIEF SCAMS!

 

Sharon and Bruce Walter homes for sale West Lafayette, Lafayette, Tippecanoe County Indiana at Keller Williams Realty

 

Like many homeowners in the Lafayette and West Lafayette area it is possible you are running behind paying your bills and your home mortgage.

Letters are circulating in the greater Lafayette area and Tippecanoe County preying on the misfortune of homeowners who run behind in their mortgage payments. 

***they are asking homeowners to pay them up to $3,000 in fees to provide mortgage relief from their lender.

 

***they are telling homeowners to stop paying their mortgage to their lender(but to pay them the money instead).

 

DO NOT DO BUSINESS WITH ANYONE THAT IS ASKING YOU TO PAY MONEY UPFRONT in return for a promise to provide you with mortgage relief from your lender!

Because of these predatory "mortgage relief" companies,  the FEDERAL TRADE COMMISSION (FTC) has issued a ruling to provide consumers with protection from these individuals and companies that have preyed upon the fears of homeowners behind in their house payments. 

The Federal Trade Commission has an easy to understand explanation of your rights as a consumer and how to report any abuses from scammers or predatory companies that are asking you to pay them a fee upfront before any mortgage relief services are provided. 

The short and easy to read FTC link can be found at:  http://ftc.gov/opa/2010/11/mars.shtm

The tollfree telephone hotline to file a complaint is:    1-877-382-4357

There are options available for people needing help, but NEVER, NEVER, NEVER pay anyone an upfront fee on a promise to help you!!! 

Posted by

***********************************************************************************

Sharon and Bruce Walter selling real estate in Lafayette, West Lafayette, Tippecanoe County Indiana @ Keller Williams Realty Lafayette IN                      

                              Sharon & Bruce Walter 

                      Indiana Licensed Real Estate Brokers

How can we help you with your real estate needs in Lafayette, West Lafayette, Tippecanoe County and the surrounding area in Indiana?

Whether you are thinking of selling or buying a home, looking to buy a foreclosure or rental property we are here to help you.

 

 

                      

                 PERFORMANCE OUTSELLS PROMISES!

 WE have a phone!    Please call us at:     765-418-1886

WE have email!         Please email us at:  bwalterkw@yahoo.com

WE can FAX!            765-588-4872

 

                       Keller Williams Realty

              3928 McCarty Ln, Ste A

              Lafayette, IN 47905

Licensed in the state of Indiana.  Each Keller Williams Realty independently owned and operated.

 

 

 

 

 

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"Whacked"!!!
Tags:
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Ambassador
615,785
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Sharon and Bruce--Where is the reblog button when you need it???  Good for you getting the word out on the slime trying to take advantage of people who have already hit rock bottom.  Suggesting this in the hopes more people will see it!! 

Mar 13, 2011 02:22 PM #1
Rainmaker
674,826
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Pat, after learning about this letter I now perfectly understand why the FTC enacted MARS to protect consumers from scam artists and companies that promise more than they can deliver at the expense of the beleaguered homeowners.

Mar 13, 2011 02:35 PM #2
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

These are great words of advice to homeowners everywhere! 

Mar 14, 2011 01:43 AM #3
Rainmaker
674,826
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Thank you for stopping by and for your comment, Laura.  There are so many people out there who are desperate to keep their homes and unaware of the dangers of entering into business with such unethical individuals/companies.

Mar 14, 2011 02:23 AM #4
Rainmaker
671,751
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Sharon and Bruce, Isn't it awful?  It seems that these people always find a way to come up with some type of scam to prey on the unsuspecting.  And unfortunately, they wouldn't keep running these scams, if unsuspecting victims didn't keep falling for it!  Good post to get the info out!

Mar 14, 2011 07:45 AM #5
Rainmaker
674,826
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Thanks Sandy for your thoughts!  The sad part is many of the homeowners who fall prey to these scams are driven by the unresponsiveness of the large banks to talk to them with their problems.  Result?  They turn to these companies that promise them results

Mar 14, 2011 08:18 AM #6
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