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Old 03-13-2010, 11:09 PM   #1
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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.


>> 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.


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