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 or
  • 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.

NeighborWorks America COO Eileen Fitzgerald Helps Neighborhood Housing Services of South Florida Open New Locations in Miami-Dade and Broward Counties

Today NeighborWorks Chief Operating Officer Eileen Fitzgerald will help Neighborhood Housing Services of South Florida, a member of the NeighborWorks network, unveil a new name and expanded service area by opening the first of two new offices in Miami-Dade and Broward Counties that will provide foreclosure prevention services, affordable housing opportunities, and neighborhood revitalization efforts to the South Florida counties. Read more.