Foreclosure Help- Things To Avoid
“Working together to help neighbors recover”
Things to Avoid
- Beware of foreclosure rescue scams - Help is Free!
- Beware of anyone who asks you to pay a fee in exchange for counseling service or modification of
delinquent loan. - 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 make a mortgage payment to anyone other than
your mortgage company without their approval.
- Assistance from a HUD-approved housing counselor
is FREE.
For more information go to: http://fightfraud.nv.gov/
How to Report Scams?
Through Preventloanscams.org, complaints filed online are
added to a national complaint database and are forwarded to
the appropriate law enforcement center for review. In addition,
HUD has directed its local fair housing and housing
counseling grantees to begin reporting alleged loan
modification scams via the website.
Loan Modification
Is it Legitimate?
Don’t fall for scammers promising mortgage modification
services they cannot deliver. Homeowners can check with
the Better Business Bureau or the Nevada Department of
Business and Industry to research licensed loan
modification firms. The law requires licensing and bonding
of loan modification providers. These licensed companies
and agents are permitted to accept up-front fees, as long as
they deposit them into a trust account and only withdraw
them when the agreed upon services are provided. Before
turning over ANY money or signing ANY paperwork, call
the Division of Mortgage Lending at (775) 684-7060 in
Carson City to see if the company is licensed and bonded
through the Division of Mortgage Lending.
Get the Facts:
You can verify the legitimacy of loan modification providers
by going to: http://mld.nv.gov/ and click on the button “List
of Eligible Loan Modification Companies.”
Real People, Real Stories: Avoid Foreclosure Rescue Scams
Making Homes Affordable – Helping America’s Homeowners http://makinghomeaffordable.gov/
Be Aware of Predatory “Rescue” Scams & Short Sale Fraud
https://www.efanniemae.com/utility/legal/pdf/fraudnews/mortgagefraudnews0709.pdf