Avoid Foreclosure and Keep Your House Rent Free Forever
“Saving a home from foreclosure needs fast and informed action but the solution doesn’t have to be costly,” said Federal 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 web, the telephone, and direct mailings. Some barristers go door-to-door or approach owners at events related to home preservation. The information the Fed Reserve is providing, which is a component of its “5 Tips” series, is designed to give purchasers the basic info they have to recognize and stop foreclosure avoidance scams. Clients are encouraged to test the certifications of counselors and to avoid working with someone that collects a fee before providing any services or accepts payment only by cashier’s check or wire transfer. Consumers shouldn’t pay for a service without knowing exactly what they are purchasing.
Avoiding foreclosure cannot be guaranteed–regardless of the circumstances. Working with a legitimate advisor can increase the probabilities of keeping a home, but clients should be careful of people that tell them it’s a sure thing. Details of the transaction, along with any guarantees, should be provided up front and in writing.
This entry was posted on Friday, November 20th, 2009 at 4:46 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.