Avoid Foreclosure and Keep Your House Rent Free Forever
Sunday, November 22nd, 2009“Saving a home from foreclosure needs fast and informed action but the solution doesn’t need to be costly,” announced Fed Reserve Governor Elizabeth A Duke. “It should not hurt to get help.” There are several foreclosure guides available online which assist the homeowner in understanding their options to avoid foreclosure.
Many barristers of foreclosure schemes reach out to potential victims by a variety of means using the web, the telephone, and direct mailings. Some solicitors go door-to-door or approach owners at events related to home preservation. The information the Fed Reserve is providing, which is a component of its “5 Tips” series, is designed to give consumers the basic info they have to recognize and prevent foreclosure avoidance scams. Clients are urged to test the certifications of advisors and to avoid working with someone who collects a fee before providing any services or accepts payment only by assistant’s check or wire transfer. Consumers should not pay for a service without knowing precisely what they are purchasing.
Avoiding foreclosure cannot be guaranteed–regardless of the circumstances. Working with a bonafide counselor can increase the probabilities of keeping a home, but clients should be cautious of folks that tell them it’s a sure bet. Details of the exchange, together with any promises, should be supplied up front and in writing.