Foreclosure Scams To Avoid
There are too many foreclosure scams for us to list here, so we are going to describe several simple questions to ask yourself before you sign any documents or send money to anyone. A full examination of all the known foreclosure scams, along with instructions on how to get your money back, is included in our scams article archive, and we will help you determine whether you have been a victim of a scam.
Ask yourself the following questions:
When you look up the company with the BBB, Google or Yahoo, do you find complaints or warnings from previous clients?
Are you being asked to sign a Quit Claim Deed or other document that transfers ownership of your home?
Do they require a large up-front payment, with no guarantee of ever performing the services they promised?
Are they asking you to send money without a contract or agreement that outlines the details of the services that will be performed on your behalf?
If you answered yes to any of these questions, you are most likely being scammed.
Unfortunately, many foreclosure victims have a hard time distinguishing the real solutions from a typical scam.
Follow these 4 simple rules:
- Do not send money to anyone unless you know exactly what you are paying for.
- Do not sign anything that transfers the title of your home to another party.
- Get the details of your transaction, along with all guarantees and/or promises in writing.
- If you feel you are a victim of predatory lending or other mortgage lender misconduct, trust your instincts and ask for help.
If you would like a free and professional evaluation, just contact us using the form below and we will send you a free e-book that contains information about fraudulent companies and known scammers.
Fill out the form below and we will advise you of any and all “legitimate” options you still have available.