Foreclosure prevention scams, info on help for homeowners in trouble

If you or someone you know is in danger of foreclosure, you might find these sites infomative.

The link below leads you to information on foreclosure prevention scams. There are a lot of people out there purporting they can keep you out of foreclosure by paying them a fee. Apparently this is quite a problem and the article states that you should never have to pay for this type of help. This site also has links to info on eligibility for loan modifications and the criteria. The second link is the actual consumer advisory link that informs you about the many types of scams.

http://makinghomeaffordable.gov/beware.html

http://www.occ.gov/ftp/ADVISORY/2009-1.html

Below is an excerpt from the first site:

"Beware of Foreclosure Rescue Scams - Help Is Free!

• There is never a fee to get assistance or information about Making Home Affordable from your lender or a HUD-approved housing counselor.
• Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay - walk away!
• Beware of anyone who says they can "save" your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
• Never submit your mortgage payments to anyone other than your mortgage company without their approval.

The Obama Administration has launched a coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times. "