Good Information Articles

Be Wary of the Cold Call ?We Can Save Your Home?

If you're like a record number of Americans, you are having panic attacks because you have a mortgage you can't afford and the price of your home is not going up (or maybe has already gone down). Save yourself from additional anxiety - if you get a cold call from someone representing himself as a foreclosure consultant or a debt elimination specialist, hang up the phone (but after you get his name and phone number).

The foreclosure rescuer will tell you he wants to help you avoid foreclosure, save your home and save your credit. Chances are though, he really wants to get your money or even your home.

Foreclosure rescuers will be contacting you as soon as a notice of default has been filed with the county. Notices of default and possible foreclosures are a matter of public record that are printed in some newspapers and are also available from "clipping services" that sell the lists to foreclosure consultants. NODs are essentially a shopping list for scammers to use. The scammers determine which homes have equity in them and start cold-calling and mailing letters to the homeowners. If you get a cold call, you probably don't want to do business with them. However, there are honest real estate investors that truly will help you. All you have to do is find them.

So what are some of these scams? The "foreclosure rescue" scam takes many forms including the straightforward cons where the scammer promises to negotiate with the homeowner's lender in exchange for one month's mortgage payment. The scammer then takes the money and runs. Never pay an upfront fee to anyone!

Worse yet is when the homeowner gets conned into letting the foreclosure "rescuer" take over the mortgage payments in exchange for the deed/title to their house. These can often end in disaster, unless you find a reputable real estate investor to work with.

In a lease buyback scam, the scammers say they can save your house from foreclosure if you turn over the title to him for a year or two. During the interim, the homeowner can live in the house, pay rent, and then buy it back in two years (once they have recovered their credit rating and financial situation). But what often happens is that, unknown to the homeowner, the house is sold to an investor; the mortgage payments are not made, the equity is stripped out, and the homeowner gets evicted.

Then there are "debt elimination" scams. The distressed homeowner is informed that he can pay off the mortgage quickly by changin the loan payment terms. The scammers tell the homeowner that there are loopholes in the original loan that make it invalid so the homeowner doesn't have to pay.

So how does a homeowner protect themselves? First of all, be very wary of anyone asking for an up-front fee; anyone refusing to provide references, anyone wanting you to sign over your title, or asking you to sign forms that have not been completely filled in. Most important of all is to contact your lender and attempt a workout solution with them. Another option is to find an honest and ethical foreclosure rescuer.

Mark Schwartz is a full time real estate investor specializing in assisting distressed homeowners facing foreclosure. His eBook "Foreclosure Rescuers - Stealing the American Dream" describes how homeowners can protect themselves from foreclosure fraud and scams. For more information you can visit the www.foreclosurefraudalert.com/fraudblog.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Water and Health: The Quality Vs. Quantity Equation
How much water should you drink If you keep up with health trends, you've probably heard something like eight glasses per day

Investing In The Costa Rica Real Estate Market For A Second Home
Thinking about building or buying a second home? Well, think beyond the usual choices. Arizona, Las Vegas, and Florida are all great places for a second home but Costa Rica is a smarter locale to consider. Why? Because Costa Rica has everything that Arizona, Las Vegas, and Florida have to offer without the high costs associated with building or buying in those locations; Things like scenic landscapes, investment incentives, and potential for beyond exceptional returns on real estate investment. Have I got your attention yet? Thought so.

Dealing With The Anxieties Of Managing A Business
Owning a small or large business can cause a lot of stress and anxiety Many business owners have to deal with a lot of stress and anxiety nowadays

Child Care And Single Parenting
Parenting can be challenging enough but when you?re a single parent the challenges are quickly compounded. When you don?t have anyone to hand off to ? to share responsibilities and workload ? you can be easily overwhelmed. Single parenting comes with an extra set of challenges. And none can be more confusing then choosing appropriate and reliable child care.

Looking At Stock Trading From A Business Perspective ? Part 1
Because of the large size of the stock market, beginner investors seem to feel overwhelmed as to where to even begin investing their money. To most people, the stock market presents a tangled web of options but does not provide the road map of clarity to direct their way along way in their investment adventure.

Business brokers and intermediaries are there to help you sell your own business.
It?s not uncommon for businesses to be put out for sale these days. There are actually hundreds of businesses out there waiting for a buyer at any given time. If you want to sell your own business at a high price you have to make it stand out and be able to make informed decisions. Business brokers and intermediaries offer their professional input and can become very valuable allies. When you?re looking for information and advice on how to sell your own business, SYOB Australia will provide you with the answers.

Why Child Bearing Is Healthy
From a purely biological perspective, bearing children can be considered the most important reason for a woman's existence. For that matter, the same could be said about men, since both sexes are, in effect, disposable packages of genetic material.

How Beneficial Is A Home Equity Loan?
Before I answer the question, let me try and explain what a home equity loan exactly is.

Acne tips :Acne Home Treatment Tips
Many people those suffer from acne for many reasons. Teenagers experience puberty may notice an outbreak of acne due to overall the hormonal changes. Stress can also make cause acne. Women are specially prone to acne when going through puberty, during pregnancy, and even later in life as they go through menopause. Acne is somewhat many of us do not outgrow. As you age, you may still experience an outbreak of acne on your face. What can be done here? An herbal acne treatment is a very good way to help rid yourself of acne the natural way.

Men's Health Network & GW Cancer Institute To Present The DC Symposium on Prostate Health
The DC Symposium on Prostate Health will be hosted by Men's Health Network in conjunction with The George Washington Cancer Institute. Please join us as distinguished physicians, thought leaders, and legislators discuss the issues of prostate health.

MLM - Hogwash or Viable Work From Home Opportunity?
In today's economy most people are having to find other sources of income besides their 9to5 Not just for future savings

Help Finding The Right Home Based Business
Many people are interested in how to build wealth with a home based business. There are so many to choose from, income opportunities, work from home and business opportunities are just a few on the internet that if someone was wanting to start they may get confused.

Are You Ready To Start Your Own Business?
It seems that most people are starting or at least thinking about starting their own business. While the history of entrepreneurship is as old as humanity, today's economic climate and booming Internet marketplace have brought even more people interested in venturing out on their own.

New Do Not Call Registry Lets Voters Choose Who Contacts Them At Home
Website allows voters to take control of the political discussion. For those voters who want to choose which politicians contact them, they now have a tool to do just that, by registering at www.StopPoliticalCalls.org, for $1.24. Launched in October, the National Political Do Not Contact Registry (NPDNC) is a non-partisan, non-profit organization is designed to stop politicians from calling voters at home, particularly with automated (or "robo") calls.