Beware of Foreclosure Rescue Scams - Help Is Free!

I am posted this as a public service announcement for Homeowners. I am seeing ads on television offering assistance to distressed homeowners--for a fee. I am also seeing stories on the news channels with horror stories where unsuspecting homeowners are paying fees to these scam artists and getting nothing in return.Beware of Foreclosure Rescue Scams - Help Is Free!

* There is never a fee to get assistance or information about Making Home Affordable from your lender or a HUD-approved housing counselor.
* Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away!
* Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
* Never make your mortgage payments to anyone other than your mortgage company without their approval.

Source of this Informtion: FinancialStability.gov

Subscribe to All American Investor via Email

Follow us on Twitter

Bob DeMarco is a citizen journalist, blogger, and Caregiver. In addition to being an experienced writer he taught at the University of Georgia , was an Associate Director and Limited Partner at Bear Stearns, was CEO of IP Group, and is a mentor. Bob currently resides in Delray Beach, FL where he cares for his mother, Dorothy, who suffers from Alzheimer's disease. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. His content has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

More from All American Investor