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