Wednesday, March 11, 2009

How to Avoid Foreclosure Rescue Scams

NeighborWorks Americaoffers these quick tips to avoid foreclosure rescue scams.

  • 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.

Download Tips.

2 comments:

lidiya said...

Hi,

We have just added your latest post "NeighborWorks News: How to Avoid Foreclosure Rescue Scams" to our Directory of Foreclosure . You can check the inclusion of the post here . We are delighted to invite you to submit all your future posts to the directory and get a huge base of visitors to your website.


Warm Regards

Foreclosu-re.info Team

http://www.foreclosu-re.info

NeighborWorks America said...

Thank you so much! Please note however that we have updated these tips since we posted this item. Please post this PDF instead: http://www.nw.org/network/documents/avoid_scams.pdf. We also have a Spanish version here: http://www.nw.org/network/documents/FCSCAMSspanish.pdf