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