Preventing Foreclosure Scams!
Mentioned below are some tips that can help in preventing a foreclosure scam:
1.Whenever looking for help with foreclosure scams one should make sure that the counseling agency is registered with the Department of Housing.
2.A genuine and authorized counselor will never guarantee that the foreclosure will be stopped.
3.Never sign or let the counselor coax you into signing any document or papers, without you getting ample time to read and understand what the document mentions.
4.Pay special attention to the time-limit alloted to you to resolve the situation and the date on which you would lose the right to ownership.
5.Offers to get your home back over a period of time, should be especially discussed in detail with a lawyer. Such schemes turn out to be a disadvantage in the long run.
6.Be sure that that your mortgage payments are reaching the lender.
7.Keep a strict vigil on the papers you sign. Never sign on a blank space or a blank document.
8.Avoid payment of any fee or charges in advance. Any legitimate organization will never ask for a up-front fee or charge.
9.In case of any suspicious activity contact the authorities immediately instead of waiting for the outcome.
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