IMPORTANT ADDITIONAL INFORMATION, RESOURCES AND DISCLOSURES
- Please understand that your obligation to make your mortgage
payments are not removed by contacting your bank. Any and all
collection activities will continue, up to and including referring your
loan to foreclosure, until the time the bank approves any of your
requests in writing, and they may not approve them at all. Any
available approval of a foreclosure alternative is contingent on the
ability of your bank to stop or put off any pending foreclosure. HAMP programs are due to expire in June, 2011, unless extended.
Also, while we have
made an effort to include as many options available as possible, we are
not lawyers, and may not have all the information available to avoid
foreclosure. While our information is extensive, we may have missed an
alternative we are not aware of. Please do your due diligence to prevent a foreclosure. There
is never any obligation, EVER with our company. We offer several
options for you, FREE, upfront. If you've tried everything we offer for
free, we may be able to save you from foreclosure by buying your house
or getting you current on your payments, but we will NEVER ask you to
give us money! If anything, it will be US giving YOU money.
Also, here is a
GREAT ***FREE*** resource available to you by the government: (CLICK HERE) HUD COUNSELING or call the HUD Nationwide toll
free telephone number at 1-800-569-4287 to obtain a list of the HUD-approved
Housing Counseling Agencies.
may already be in an undesirable position, and there are some crooked
people out there looking to take full advantage of you and use illegal
tactics to get even more of your money!
Use these tips to spot fraud and
scam courtesy of LOAN MODIFICATION SCAM ALERT
(a national public education campaign that Freddie Mac co-chairs, to indicate that you may be dealing with fraud)
- A company/person asks for a fee in advance to work with your lender to modify, refinance or reinstate your mortgage. They may pocket your money and do little or nothing to help you save your home from foreclosure.
- A company/person guarantees they can stop a foreclosure or get your loan modified.
Nobody can make this guarantee to stop foreclosure or modify your
loan. Legitimate, trustworthy HUD-approved counseling agencies
will only promise they will try their very best to help you.
- A company/person advises you to stop paying your mortgage company and pay them instead.
Despite what a scammer will tell you, you should never send a
mortgage payment to anyone other than your mortgage lender. The
minute you have trouble making your monthly payment, contact your
- A company pressures you to sign over the deed to
your home or sign any paperwork that you haven't had a chance to
read, and you don't fully understand. A legitimate
housing counselor would never pressure you to sign a document
before you had a chance to read and understand it.
- A company claims to offer "government-approved" or "official government" loan modifications.
They may be scam artists posing as legitimate organizations
approved by, or affiliated with, the government. Contact your
mortgage lender first. Your lender can tell you whether you
qualify for any government programs to prevent foreclosure. And,
remember, you do not have to pay to benefit from government-backed
loan modification programs.
- A company/person you don't know asks you to release personal financial information online or over the phone.
You should only give this type of information to companies that
you know and trust, like your mortgage lender or a HUD-approved
Freddie Mac is the co-chair of the Loan Modification Scam Prevention
Network that is working with the new Financial Fraud Enforcement Task
Force and others to track and prosecute mortgage fraud.