Legal Junkies Forums

#1 Community for Legal Questions and Answers

 
Go Back   Legal Junkies Forums > REAL ESTATE and PROPERTY LAW > Other Real Estate Law Matters

Register FAQ Tags Members List Social Groups Search Today's Posts Mark Forums Read Layout

Notices


Reply

 

Thread Tools Search this Thread Rate Thread Display Modes
Old 03-14-2010, 12:09 AM   #1
Unregistered
Guest
 
Posts: n/a
Default florida foreclosure rescue scams - mortgage payments - foreclosure cases

Tips on Avoiding Foreclosures, Delinquencies and "Foreclosure Rescue" Scams

If you are facing a mortgage payment that you cannot make or if you have fallen behind on your mortgage payments, the first step you should take is to contact your lending company directly.

Please do not ignore the letters or phone calls from your lender. Foreclosure on a mortgage and the loss of a home is an expensive process. The longer you wait to make the call, the fewer options you will have.

Going through the foreclosure prevention process can be complicated and you do not have to do it alone. There are legitimate organizations such as Non-Profit Housing or Credit Counseling Agencies that can help you with the following:
  • Analyze your situation
  • Go over your options
  • Prioritize your debts
  • Prepare information for your lender

For a list of HUD – U.S. Department of Housing and Urban Development approved housing counselors, please call 1-800-569-4287 or visit U.S. Department of Housing and Urban Development (HUD).

Remember! Counseling services are usually free or require a small fee.

More...

>> Tips For Consumers On Avoiding Foreclosure “Rescue” Scams



Why CNN is Wrong About Foreclosure Rescue Scams

If you’re afraid – and you should be afraid – of getting ripped off by foreclosure rescue scams, you might think that CNN’s advice on how to spot foreclosure prevention rip-offs would be a good place to look. Sadly, you’d be wrong. Here’s why.
  1. Their advice is focused exclusively on those who are seeking “counseling.” In Florida, trying to seek counseling after a foreclosure case has been filed – without seeking the advice of a licensed attorney – could be a disaster, and possibly even illegal. Why? Because foreclosure cases are lawsuits. Only a practicing attorney, licensed in the state of Florida, can help you defend a foreclosure case.
  2. Their advice steers people exclusively to non-profits. While non-profit assistance can be a great boon to a homeowner in foreclosure – see, for example, the work of April Charney at Jacksonville Area Legal Aid – many people don’t qualify for free legal help.
  3. Their advice steers people to those with connections, rather than knowledge or skill. (They even say, “Some foreclosure counselors have a servicer’s VP for mortgage mitigation on speed dial.”) Having a speed-dial isn’t the same thing as getting the job done. Why? The VP for the servicer isn’t the person calling the shots in most cases. It’s the investors who own the loan who do. And there’s no one who has those people on speed dial. The only way to get them to budge is to fight back.

More...

>> Afraid of Foreclosure Rescue Scams? Don’t Follow CNN’s Bad Advice.
  Reply With Quote


Did you find this post helpful? Yes | No
Reply

Bookmarks

Tags
None




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
Mortgage company filed foreclosure 2 years late, causing 4 year delay on new mortgage Insanity Mortgages, Refinancing, Foreclosure 2 06-03-2014 01:48 PM
What happens to mortgage and second after foreclosure? cohokid Consumer Bankruptcy 7 10-31-2011 07:35 PM
foreclosure vs modification - BAC mortgage Unregistered Buying and Selling Property 2 03-01-2011 05:07 PM
mortgage foreclosure rescue Unregistered Mortgages, Refinancing, Foreclosure 1 01-04-2010 08:31 PM
2nd mortgage, foreclosure and harassment Unregistered Other Real Estate Law Matters 1 05-14-2009 12:51 AM




All times are GMT -4. The time now is 11:10 AM.


Use of the Forums is subject to our Disclaimer. Copyright 2009-2018 by LegalJunkies.com