Foreclosures - Word To The Wise
With foreclosures at record levels, scam artists are preying on people desperate to keep their homes, companies advertising on the radio, TV, internet, and by mail, promise to rescue homeowners for $1,000 to $5,000. DON’T FALL FOR IT! Stay away from any so-called mortgage rescue companies that ask for upfront fees and guarantee that they can stop foreclosure proceedings. NeighborWorks America, (www.nw.org), has teamed up with other nonprofits to launch a public campagin and has these warnings for homeowners: DON’T DO BUSINESS WITH COMPANIES THAT APPROACH YOU, AND DON’T SEND A MORTGAGE PAYMENT TO COMPANIES OTHER THAN YOUR LENDER!!
Here are resources: