Foreclosure Scams to be Aware of by toriola1

VIEWS: 60 PAGES: 3

									Presented by Daniel Toriola
Real estate business is a really tough business. One has to overcome loads of difficulties to get to a respectable position in real estate. Real Estate Business Investment is not a small capital needed to invest on. And usually it is long-term. Click here to know more

Have You Registered {firstname,lastname}.com Yet? Register Your Domain For $7.99 Only! Web Hosting and Site Builder Plans also Available. Click here to know more

Foreclosure Scams to be Aware of By Mark Lambie

Foreclosure Scams to be Aware of by Mark Lambie

Homeowners facing foreclosure should be aware of unscrupulous lenders and scammers. Don’t get me wrong, most lenders and agencies are reputable and legit. However some lenders, commonly second mortgage issuers will use unethical practices that increase the risk of nonpayment by the borrower. These tactics may include lending a large amount in hopes that the borrower will not be able to keep up with the payments, charging outrageous interest, points or fees. They may also repeatedly refinance the loan without any real beneficial reason to the borrower. Homeowners facing foreclosure are often targets of these scammers because they are seeking any solution possible at the time. One of the most common tricks is an “equity skim”. What is equity skimming? This is when a buyer approaches you and offers to get you out of foreclosure buy paying off the mortgage or offering money when the property is sold. They will often suggest you move out quickly and sign the deed over to them. They will then collect rent from the property and fail to make payments on the mortgage. The lender will continue the foreclosure process and foreclose. Signing over the deed does not mean you are no longer obligated to make mortgage payments. Another trick scammer’s use is to set up a “counseling” agency. They may contact you offering to do certain services for a given fee. Often times these are thing you can do yourself for free. It is important to note that most services are legitimate and will provide lots of great help. So what do you do if you suspect you are being duped? The most important things is don’t sign any documents unless you fully understand what you are signing. If the party you are dealing with makes any sort of promises make sure they are in writing. If you arrange a contract of sale loan assumption make sure you know weather or not you are released from liability of the debt. Consult with your attorney before agreeing to any deal that involved your home. Should you decide to sell your home to stop foreclosure, have a look at any possible complaints pertaing to the prospective buyer.

Mark Lambie is the owner of Stop Home Foreclosure a website for helping people facing foreclosure

Stop And Recognize Lottery Scams Fast lotteryscamreport.com offers a 40 page hands on guide how to avoid lottery scams and how to turn really into a winner. Page 1

Presented by Daniel Toriola
Mortgage - How to Avoid Mortgage Scams if You Are Heading Into Foreclosure By J. Summers

Foreclosure is a serious problem and is prevalent in many places in the United Sates. People who face foreclosure are in the brink of losing their property as a result of not being able to pay their mortgage on time. This problem is usually urgent in nature because the more time is spent without proper action the more like is the forfeiture of property going to happen. There are legal measures to stop foreclosure and it requires certain processes. Knowing the proper process will save you from a lot of trouble. It’s one of the measures to avoid being scammed and a very good one. The best way to know the right process is to consult an expert. Just make sure you’re talking to the right person who can give you the right information. Here are some facts that you may need to know to avoid mortgage scams. A foreclosure is legal action by the lender when a borrower defaults in payments of a loan secured against a property. When the foreclosure takes effect the lender can sell the property and the proceeds is used to pay for the mortgage. Foreclosure process follows a schedule of legal actions wherein the borrower is given a chance to do something to prevent repossession of the property. There are various legal remedies offered by lawyers and loan experts to impede the process of foreclosure. At this stage of foreclosure many mortgage scams are surfacing. The debtor at this point may become desperate to avoid losing their property and so will believe whatever remedial action is offered. It would be better to discuss the problem with your lender. They may be able offer the best remedy for the prevention of foreclosure. The best time to contact your lender is before the foreclosure process starts. You may also want to talk to a lawyer or housing counselor to make sure that you are not going in the wrong direction. To avoid mortgage scams, you have to avoid companies that offer services for a fee. The amount you will pay to these people may as well be used to settle the obligation that will prevent foreclosure. Foreclosure companies may have a good intention for you but the fee they collect is an additional burden. There are free services available that can offer effective solutions for your problem. Mortgage scams hides in the guise of a Good Samaritan who would offer help but the reality is that they are after whatever they can get from your ignorance. Avoid signing documents without carefully examining its content. You may already be giving away your property to scammers. They may ask you to sign a processing paper that allows them to act in you behalf. At the end of the process they may already own the house and you can’t do anything about it because you consented. Crooks are becoming more creative in their style of deceiving people. You will never have to deal with them if you talk only to people you can trust. There’s a way to check company or individual profile that will expose the motives of the people you are dealing with. Are you worried about foreclosure? Do you believe there's nothing you can do? You need to know all of your options - you can be SAVED from foreclosure. Go to http://www.walkawaytoday.org to get your free e-course on understanding foreclosure and how you can avoid it!

The Million Dollar Foreclosure System Generate Hefty Profits Using The Power Of Pre-Foreclosure Real Estate. Page 2

Presented by Daniel Toriola

Related eBooks: Mortgage - How to Avoid Mortgage Scams if You Are Heading Into Foreclosure Want To Stop Foreclosure Fast? Foreclosure Info - Tips For Avoiding Foreclosure Scams Foreclosure Investing: What Is It And How Does It Work? How to Buy Foreclosure Homes Get more Free PDF eBooks at FreePDFeBooks.com Related Products: Scams Exposed How to Buy a Car Without Getting Ripped Off! Newbie’s Guide to Stop Spam Build Your Own Mail Order Empire Gate Crash into the Interior Design Industry.

Malamaal.com: A genuine resource center for Quality Ebooks and Softwares
This PDF eBook is for free Distribution only, it cannot be SOLD Afterthoughts! The Funniest Ebook Since Sliced Bread! Click here to know more

Powered By FreePDFeBooks.com ReBrand this PDF eBook with your Name / URL / ClickBank Affiliate ID for Free

Foreclosure Wizard Brand New Software Provides System For Foreclosure Investment Success. 4% Conversion Rate- Earn up to $88. Page 3


								
To top