Shortsale/upside down in Mortgage/foreclosure?

DON’T contact these guys!
Road signs “We buy your house!”
Services offering to get you out of trouble/negotiate with your mortgage company on your behalf to avoid foreclosure.
BEWARE of those who “target” people of a specific ethnic group, or national origin. It is becoming all too common for unscrupulous individuals to scam those from their native country…legal and illegal immigrants. When confronted, these unscrupulous people will threaten those who they are trying to scam and tell them they are complicit and will also face legal charges if they are reported.

If you are working with someone who makes you uncomfortable, or the situation seems “too good to be true” -ask to have all the documents reviewed by a real estate attorney NOT associated with any of the parties involved.

Always ask your lender/mortgage broker how they “get paid”. Does it come from the lender they recommend to you? Do you pay it? How much do they anticipate earning if your transaction goes through?

Ethical mortgage professionals will tell you exactly how they earn their living.

CONTACT these HUD approved organizations -

• Homeowner’s Help – 888.995.HOPE
  http://995hope.org
• Neighborhood Assistance Corporation of American – 888.302.naca
  http://naca.com

TIPS to avoid CONS

• ONLY send your Mortgage payment to your LENDER
• Don’t sign anything unless it has been REVIEWED by YOUR trusted real estate attorney

IF you suspect you have been SCAMMED, report it to:

• Federal Trade Commission – http://FTC.gov
• Better Business Bureau – http://BBB.org
• state Attorney General – http://naag.org/attorneys