Foreclosure Scams
About once every decade or so (as the economy dictates) the scam artists come out to prey upon people who’ve fallen into the very bad situation of possibly losing their home in a foreclosure event. Well, it’s that time again…
The web is replete with companies that promise to be able to “save” the home from foreclosure. Some even promise they’ll be able to keep the foreclosure off your credit report. In essence, they’ll say anything to have you buy one of their “kits” for anywhere from $995 (cheap!) to over $2500.
It’s snake oil.
Don’t trust this situation to anyone but yourself. Accept responsibility. Talk to your lender - they do not want your home. In most cases they will try to work with you to avoid taking back your home. If this doesn’t work, speak with a licensed attorney to protect your legal rights.
A quick video from Freddie Mac for your viewing pleasure.