Recognize the Red Flags!

Recognize the Red Flags!

The foreclosure crisis has given rise to a new breed of scam artist romising relief from foreclosure with any number of too-good-to-be true Promises. Much of what scammers asking unknowing victims to pay for, HUDapproved counseling agencies provide for free. Go to:

http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm to learn more.

Here are some guidelines to avoid falling prey to scams that can send your level of financial distress to an entirely level. When you receive an offer to help modify your mortgage, understand that there are never any

guarantees and don’t ever:

·· Pay a fee

·· Sign a contract

·· Sign over title to your property

··Redirect mortgage payments

··Stop making loan payments

And beware of anyone who says that you don’t need a real estate Professional or title company when selling your home. To report a suspected scam, call 1-888-995-HOPE (4673) and for more information visit

www.loanscamalert.org or www.preventloanscams.org.