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Distressed Homeowners Beware! You have Options and they are FREE!

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Real Estate Agent with Advantage Realty #1
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Sonja Babic
Sonja Babic/PRIME Realty NC, LLC - New Bern, NC
New Bern NC, PRIME Realty NC, LLC

Andrea, great reminder and unfortunately so true. People in financial stress have always been an easy prey and that will never change.

Nov 05, 2008 06:10 AM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Yes, there are a ton of mortgage foreclosure scams out there ranging from land trusts where you convey the property to a third party and they attempt to resell the home as a short sale to fraudulent scams relating to the recording of bogus releases to foreclosure rescue services for a large upfront fee (nothing more than negotiating with the lender).  Some are just bizarre.  For several years, there have been promoters of a common law scheme that is based on the premise that mortgages are unconstitutional.  When you are desperate and in financial distress, commonsense can go out the window and ordinarily street smart people are willing to buy into the proposals offered by these snake oil salesmen.

Nov 10, 2008 03:47 AM
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Market Trends, Events & Happenings in and about Highlands County, Florida.

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Cautioning all sellers: Don't become a victim of foreclosure scams. If it sounds too good to be true, it usually is!

I received the following email:

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

I recently saw that you had posted an ad on Craigslist selling your home. With today's economy, many people are trying to sell their home because they're behind on their payment or because their ARM has gone up.
I represent a company that can help you keep your home!
We can help you:

* Re-negotiate your current loan
* Get a payment you can afford

Trust me when I tell you, you are NOT alone. We hear from many people everyday that are simply hitting on hard times but do not wish to lose their largest asset. Over 2 million families will lose their homes this year alone. Don't become just another statistic. Have a look to see how we can help you today!

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

PLEASE, Stay clear of Foreclosure Rescue Scams!

Your mortgage lender or any legitimate financial counselor can help you explore your options in order to avoid foreclosure WITHOUT YOU HAVING TO PAY A FEE FOR THEIR ADVICE!

The OCC (The Office of the Comptroller of the Currency) has posted a Consumer Advisory on their website and its worth reading:
http://www.occ.treas.gov/ftp/ADVISORY/2008-1.html

The Department of Housing and Urban Development (HUD) sponsors housing counseling agencies throughout the country to provide free or low cost advice. Find a counselor near you at their website:
http://www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm
Greetings, Andrea Mills, who will be more than happy to talk to you about your options...

www.millsrealestate.net
Yes, we are available to help you sell your home.
Yes, we are available to help you find your next home.
Yes, our office is licensed to list & sell mobile homes on rented land.
Yes, we answer our phones, give it a try: 863-202-0729 or 863-386-1111