Thursday, April 16, 2009

Beware of Foreclosure Rescue Scams

Help for American Home Owners is here.

This program connects you with a HUD-approved Housing Counselor who may be able to help you re-finance your mortgage or help you modify your monthly payments through modification. There is never a fee for the Making Home Affordable program. Check this program out today.

Additionally, here is some advice concerning your mortgage process:
  • Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away!
  • Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
  • Never submit your mortgage payments to anyone other than your mortgage company without their approval.