COMPANIES TAKE ADVANTAGE OF DESPERATE HOMEOWNERS WITH PROMISES OF FORECLOSURE RESCUE / con artists

April 11, 2009
Category: Sacramento Real Estate

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Bank records are public default, it's easy for scammers to find homeowners in trouble, Then Them approach via mail, phone or e-mail, Promising assistance.

A case is a clasic recentCalifornia of one. A couple paid more than $ 6,000.00 to a company, That Contacted Them by flier, Promising to help renegotiate Them Their Mortgage.

Eventually the company tha They Learned Their HAD taken money and done absolutely nothing!

Another version of this scheme, the scammer offers "private financing" for a new mortgage or Loan. "As collateral" for this money, I Requires the homeowner to deed the property to him, "says Jenny Brawley, a mortgage fraud Investigations manager for the Federal Home Loan Mortgage Corporation. (FHLMC = Freddie Mac) then the scammer assures the homeowners she can stay in her house as a renter. Instead, I Used the deed to Obtain a new loan-which have pockets and Does not pay off. The bank moves in to claim the house, and the homeowner fleeced Loses Her home and all her equity.

Although no one has exact figures, the problem is so common, in Oregon lawmakers last year to Bill Passed Requiring foreclosure consultants to make clear all fine print.

FIGHTING BACK

If you're behind on your mortgage, do not youe Avoid lender-in Fact, contact the lender to see if you can work something out, Advises Brawley. "Be suspicious of anyone who offers unsolicited help. Do not sign documents under pressure or with out Clearly Understanding Them. Never sign a document with blank spaces left. And be wary of Any Requirement That You Must deed your home as collateral. "

TURN'EM IN

If you're victim of a foreclosure scam, report it by calling Freddie Mac's Mortgage fraud hotline at 800-437-2388. Also contact your State Attorney General's office

Now is the best time you buy your home, low prices and incentives Also 8,000.00 dlls Government

The Golden Team

Graciella Valley

Buy House In Sacramento

The "professional" foreclosure rescue that act fraudulently used half-truths and lies, promising something that never comes. Some companies even offer you the return of their money, which does not comply, they use phrases such as "Stop foreclosure" "We guarantee to stop your foreclosure" "somo experts" are the number one throughout California, "etc., etc., any sensationalist propaganda to attract your attention when you get to your ocidinas, treats a man dressed and elegant, nice talking to ear and says he is very "expert" Con artists will ask for money upfront, and have the nerve thasta ensure this the modification of your loan, which is not true, because in this life nothing is guaranteed, or life itself, be very careful what you sign, if you have been victimized by these people, report them! here I leave a number you can communicate.

Freddie Mac

800-437-2388

luck

Graciella Valley

This entry was posted on Saturday, April 11th, 2009 at 3:09 pm and is filed under Real Estate Sacramento . You can follow responses to this entry Any-through the RSS 2.0 feed. You can leave a response , or trackback from your own site.