Foreclosures Help Information

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Foreclosure Help Scams

Foreclosures are increasing nationwide. Homeowners desperate to stop foreclosure are falling victims to scams that promise to "rescue " homeowners from foreclosure. what these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home.

Your mortgage lender or any legitimate financial counselor can help you find real options to avoid foreclosure. If someone offers to negotiate with your lender and offers to arrange to stop or delay foreclosure for a fee, carefully check his or her credentials, reputation, and experience. Lease-Back or Repurchase Scams. Be very suspicious if someone offers to pay your mortgage and rent your home back to you. Signing over the deed gives the con artist the power to evict you, raise your rent, sell the house, or steal the equity you have in your home. You will still be responsible for your mortgage, so if the con artist stops paying it, your lender would have the right to foreclose on your home, and the foreclosure and any other problems would go on your credit record.

Refinance Fraud - Look out for people posing as mortgage brokers or lenders and offering to refinance your loan so you can afford the payments. Con artists may trick you into signing over the ownership of your home by saying that you are signing documents for a new loan. Signing over the deed to your home exposes you to the dangers described above. Even if you are a victim of fraud, you could still lose your home.

Bankruptcy Schemes - Several scams attempt to abuse the bankruptcy laws. For example, a con artist may ask you to give a partial interest in your home to one or more persons. Each holder of a partial interest can then file bankruptcy, one after another. The bankruptcy court will issue a "stay "order each time to stop foreclosure temporarily. However, the stay does not excuse you from making payments or from repaying the full amount of your loan. In another kind of scam, a con artist may offer to obtain refinancing or negotiate a payment plan with your lender. If you may make payments to the con artist, he or she may keep the money rather than pay the lender on your behalf. The con artist may even file a bankruptcy case in your name, as a part of the scam. Bankruptcy laws provide important protections to consumers. Scams can only temporarily delay foreclosure. Signing over ownership of your home, or even partial ownership, can result in serious financial harm.

How do you protect yourself? Know what you are signing. Read every document you sign. If a document is too confusing, pay the extra money to seek advice from a lawyer or an approved, trusted financial counselor. Never sign documents with blank spaces that can be filled in later. Never sign a document that contains errors or false statements, even if someone promises to correct them later. That is the oldest trick in the book, these people count on gain your confidence to defraud you.

Get promises in writing . Never count on oral promises and agreements relating to your home, as they are not legally binding in court. Written documents protect your right and allow an avenue to break the contract. Keep copies of all contracts you sign.

Make your mortgage payments directly to your lender or the mortgage servicer . Do not trust anyone else to make mortgage payments for you. Be very careful about signing over your deed. Foreclosure scams often require you to sign over ownership of your home to a con artist or another third party. Never sign over your deed without getting trusted advice from a lawyer, trusted financial advisor. By signing over your deed, you lose your rights to your home and any equity built up in the home.

Contact your mortgage lender or mortgage servicer as soon as you think you are unable to make your mortgage payment. Lenders are often in the best position to help, especially if you are current on your loan or not seriously late on your payments. Your mortgage lender or mortgage servicer may be able to identify options to help you bring the loan current or to modify your loan. You need to find counselors approved by the U.S. Department of Housing and Urban Development (HUD).

About the Author:

Stopping Foreclosure is possible for Homeowners. Find what you need to do first to start getting you home back and protecting your credit from being damaged for many years to come. Go here for the Foreclosure Survival Guide to Save Your Home
http://www.stopbankforeclosurestips.com/Website/sales.html

Source - The 3 Most Common Foreclosure Rescue Scams Homeowners Face When Looking for Help

Foreclosure Help Scams: Mortgage Modification too

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Stop Foreclosure Produce The Note

Facing home foreclosure is scary and humiliating. This fear can cause immobility to set in to where even the phone does not get answered. Action is a must if the home is to be saved from bank foreclosure. Knowledge is a must to stop foreclosure.

There are many tips and techniques available to help to stop the foreclosure process. But there is one technique that is of utmost importance to every homeowner.

If you use this key it could save your home from a foreclosure auction on the courthouse steps. This key is an item that is often overlooked.  However, it is the key to any mortgage and to every right of foreclosure initiated by the lender. Without it the lender has no authority to foreclose on any property.

The keystone to all of this is the contract. Without a contract there can be no mortgage. The mortgage is not a stand alone document.

Challenging the banks right to foreclose is pretty agressive and it is pretty powerful.

There are many successful challenges made every day and hundreds have already challenged the banks right to foreclose and have won. So can you, if you take action.

The mortgage contract is often lost or destroyed and cannot be produced when a demand is made for it's production. This is very sigificant and powerful to your case. It can mean the difference in losing your home and keeping it.

The lender must produce the note/contract or offer an explaination why it cannot be produced. Usually it has to be a very substantial reason why. Something along the lines of a fire or flood destroyed it. Simply claiming it was destroyed and preserved digitally or misplaced is not sufficient in most cases.

Please note, an attorney did not write this. This are only opinions and everyone has one. So please use do diligent research and arm yourself with knowledge and become powerful. These people expect most borrowers to roll over and play dead with it comes to bank foreclosures.

If you want to have some fun, learn how to make this challenge in any bank foreclosure and you can watch the cockroaches fly for the dark corners of the universe.

http://www.stop-mortgage-foreclosure-process.com/wordpress/5-things-you-need-to-know-about-the-foreclosure-process

About the Author:

Discover more ways to Stop Foreclosure Now.

Now you can download the Foreclosure Survival Handbook from this site. http://stop-mortgage-foreclosure-process.com

Source - Stop Home Foreclosure Now - Demand Orignial Contract

Homeowners say "Produce the Note" to Stop Foreclosures!

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Federal Foreclosure Assistance Center

Loan modifications have grown in popularity over the years because they have been increasingly successful in keeping people in their homes.  As a result, the federal government has become a big fan of loan modifications and is getting more involved.  The Obama administration is pressing mortgage servicing companies to step up their efforts to modify troubled loans under its housing rescue program.  The White House is frustrated with the pace at which homes are being foreclosed on, as well as the pace with which loan modifications are being processed.

The Obama administration has seen a significant “ramp up” of loan modification activity, but it often times does not seem like enough when so many people are hurting.  Federal loan modifications have helped some people stay in their homes, but the federal government often cannot give enough attention to all of the people who need help right now.  Think about the millions upon millions of homeowners who need assistance with their mortgages and how few government representatives there are helping them.  What many people need is a California loan modification attorney working with them, one on one, to keep their homes.

Housing counselors say they are disappointed by the progress made so far under the current Administration’s program, saying they are not getting anywhere near the results they were hoping for.  They are saying the services are not up to par, which often means that there are not enough people answering phones for those who are calling.  Sometimes, housing counselors have to educate the staff about their own programs, which means the government is not properly educating the people who were hired to help the public.  In fact, Maeve Elise Brown of the Housing and Economic Rights Advocates said “Homeowners on their own are not able to navigate the system.”

All of this translates into homeowners needing an advocate who can take the time to listen to their needs, help them with their problem and be their advocate when no one else is helping them.  A qualified loan modification attorney can walk you through all of the challenges and headaches that people are dealing with, whether you are considering a foreclosure, short sale or bankruptcy.  A loan modification attorney can act on your behalf and aggressively fight for you, your family and your home.

Loan modifications can help you avoid foreclosure and stay in your home by renegotiating your mortgage terms to get your monthly payments much lower.  This can be done by lowering your interest rate, getting a fixed rate instead of an adjustable interest rate, getting a principal reduction or some other option.  A qualified California loan modification attorney will be able to effectively negotiate with banks and lenders, getting you the best terms possible for your loan modification.  These are not easy times we live in, and everyone around you might be facing the most difficult financial circumstances anyone has faced in the last fifty years.  However, with a loan modification attorney, you can rest assured that you have someone working on your behalf to help you avoid the storm.

Visit us at http://www.feldmanlawcenter.com or call 800-588-0425

Legal Disclaimer

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter.   Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.

Author: Greg Feldman

About the Author:

Welcome to Loan Modification Help Center. Loan Modification Help Center has information about loan modifications and resources to help you with your home loan modification. We have lots of free news relating to loan modifications and the process to help you avoid foreclosure.

Source - Feldman Law Center - Federal Government Prodding Loan Companies

Rescuing Wall Street to Save the US Economy - Neither Fair Nor Effective

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