Baltimore Homeowners Warming Of Phony Foreclosure Prevention
April 7, 2009 Baltimore BaltimoreHUDHomes.com today is warning homeowners of fraudulent foreclosure prevention services alleging to be affiliated with or dishonestly mimicking legitimate services offered by Government agencies.
US Department of Housing and Urban Development (HUD) currently is offering free foreclosure prevention services to stressed homeowners, stated Carlos. “In the least apparently similar hotline phone number, website, or company should be highly suspicious to homeowners looking for assistance in their home mortgage dilemma.”
Discover the FREE help by US Department of Housing and Urban Development (HUD) Foreclosure Avoidance Counseling; offering bilingual, personalized assistance to help homeowners worried how to avoid foreclosure.
Latest news have expressed so called phony foreclosure scams carried out by mortgage modification companies using similar 800 numbers to legitimate organizations: phony foreclosure scams will charge upfront fees and state they are capable to help struggling Baltimore homeowners pay off their mortgages or work with their mortgage companies to keep their home. Others are assuring to pay off delinquent mortgages with cash that the homeowners give as “escrow”.
“The words hope or HUD are effortlessly exploited by those looking to mislead struggling homeowners in pursuit of real help. Several homeowners have lost thousands of dollars to these dishonest and deceptive “counselors” who allege to proffer foreclosure help however who, instead, have simply taken money from homeowner’s already in monetary distress,” said Carlos with BaltimoreHUDhomes.com.
Carlos recommends Baltimore homeowners seeking help to:
- Keep away from any websites, phone numbers, or companies and individuals requesting upfront payment of fees.
- By no means grant entrée to bank accounts, provide Social Security numbers, write a check, wire money, or pay for counseling appointment.
- Never turn over the deed to a home to individuals alleging to be “counselors” or sign legal documents that you do not comprehend.
- Never pay money to a third party pledging to bring a mortgage up to date or start a repayment program. Such payments ought to only be made directly to a mortgage servicer.
- Get in touch with the FBI or the Federal Trade Commission (FTC) if you think you have been the victim of phony foreclosure prevention operative.
Posted by Carlos Sagastume on April 7, 2009. Filed under HUD Homes.
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I'm mostly interested in pre foreclosure homes. There's certainly a lot of exploitation going on.