- Never use any ad, person, or company that approaches you and claims to be able to “stop foreclosure now” for a fee.
- Never release your financial information online or over the phone to a company you know nothing about.
- Never send your mortgage payment, or any payment, to a company other than your mortgage lender.
- Contact your local NeighborWorks organization or other HUD-approved nonprofit housing counseling agency for free foreclosure counseling. To find a local NeighborWorks organization near you that provides foreclosure counseling, visit http://www.nw.org/ or http://www.findaforeclosurecounselor.org/.
- If you prefer to speak to a counselor over the phone, call the Homeowner’s HOPE Hotline at 888-995-HOPE for free foreclosure prevention counseling by expert counselors at HUD-approved nonprofit counseling agencies. The hotline is open 24 hours a day, seven days a week, in English and in Spanish. Counseling is also available in 20 additional languages by request.
- Contact your mortgage lender. Contrary to what a foreclosure scammer will tell you, you should contact your lender the minute you have trouble making your monthly payment.
Wednesday, March 11, 2009
How to Avoid Foreclosure Rescue Scams
NeighborWorks Americaoffers these quick tips to avoid foreclosure rescue scams.
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