Avoid Foreclosure and Keep Your House Rent Free Forever
October 30th, 2009
“Saving a home from foreclosure needs fast and informed action but the solution doesn’t need to be costly,” said Fed Reserve Governor Elizabeth A Duke. “It shouldn’t hurt to get help.” There are several foreclosure guides available online which assist the homeowner in understanding their options to avoid foreclosure.
Many barristers of foreclosure schemes reach out to potential victims by a variety of means using the Net, the telephone, and direct mailings. Some solicitors go door-to-door or approach homeowners at events related to home preservation. The information the Federal Reserve is providing, which is a part of its “5 Tips” series, is designed to give clients the basic info they have to recognize and stop foreclosure avoidance scams. Shoppers are counseled to check the recommendations of counselors and to avoid working with someone who collects a fee before providing any services or accepts payment only by cashier’s check or wire transfer. Consumers should not pay for a service without knowing exactly what they are buying.
Avoiding foreclosure can’t be guaranteed–regardless of the circumstances. Working with a legitimate counselor can increase the probabilities of keeping a home, but patrons should be cautious of folks that tell them it’s a sure thing. Details of the transaction, along with any promises, should be supplied up front and in writing.
Categories: General Interest |
