Foreclosures are becoming a very common thing in the United States. Every month, over 83,000 new families have their homes entered into foreclosure. Faced with the embarrassment of having their homes taken from them, many homeowners turn to desperate measures. Unfortunately, there are scammers out there who are willing to take advantage of those in desperate need. The following are a few effective ways of avoiding these types of scams. Browse website for more information.
As soon as your house enters foreclosure you’ll be bombarded with letters and advertisements from businesses wanting to ‘help’ you prevent your foreclosure. If you need someone’s help, turn to the Department of Housing and Urban Development (HUD). This is a trusted department that only works with other trusted agencies. On the department’s website you’ll find a list of approved counseling services who are willing to help you with your Foreclosure Oakdale MN lenders are carrying out.
Be wary of those counseling agencies who require a large fee to help with your foreclosure. Some homeowners are tricked into paying hundreds or even thousands of dollars to save their homes. Most trusted counseling agencies associated with HUD simply don’t charge to help homeowners. Those who do charge will only require a small fee for their services.
Tread with caution when dealing with an agency that makes tons of guarantees and promises to you. Some scammers will ‘guarantee’ they can save your home from a Foreclosure Oakdale MN. Any honest and legitimate counseling service will not make such claims. In fact, they’ll make sure you understand that there’s a chance the foreclosure could continue.
Never forget the old saying, “If it sounds too good to be true, then it probably is.” Some scammers will offer to pay your past due mortgage payments if you “qualify.” There aren’t too many agencies out there who are going to be this generous. With an offer like this there’s usually a catch. Don’t allow yourself to get caught in a trap. If you aren’t careful, one of these agencies could end up owning your home.
Pay attention to these tips. Scammers are out there and they’re trying every trick in the book. Remember to work closely with HUD and the agencies associated with them. Don’t fall for steep fees, or offers that sound too good. An attorney at the Lamey Law Firm Oakdale MN may be able to help you.
