English: This is the California Attorney Gener...

Kamala D. Harris Attorney General










In these days of increasing foreclosures, it’s easy to become emotionally upset and to think that there is an easy fix to the troubles we may be facing. Of course every time people are in a crises mode, there are people out there willing to ponce on other peoples misfortunes. So if you are are having financial trouble, possibly facing foreclosure, here are five things you should be on the alert for.

  1. Don’t pay up-front fees. Foreclosure consultants are prohibited by law from collecting money before services are performed.
  2. Don’t ignore letters from your lender or loan servicer. Responding to those letters is your best bet for saving your house.
  3. Don’t transfer title or sell your house to a “foreclosure rescuer.” Beware! This is a scam to convince homeowners they can stay in the home as renters and buy their home back later. It might also be part of a fraudulent bankruptcy filing. Either way, a scammer can then evict the victim and take the home.
  4. Don’t pay your mortgage payments to anyone other than your lender or loan servicer. Mortgage consultants often keep the money for themselves.
  5. Never sign any documents without reading them first. Many homeowners think that they are signing documents for a loan modification or for a new loan to pay off the mortgage they are behind on. Later, they discover that they actually transferred ownership of their home to someone who is now trying to evict them.

Source: California Attorney General

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