Q How Can I Tell if a Foreclosure Counseling Agency is Phony?
Yes, there are phony foreclosure counseling agencies out there, so you need to be aware of what they do and how they try to take advantage of consumers who are already in a very stressful financial situation.
These scam artists will pretend to be foreclosure counselors who can negotiate deals with lenders to modify your mortgage loan or save your house from foreclosure as soon as you pay an administrative fee. They may also suggest you make mortgage payments through them. Sometimes they even offer to buy your home or find a buyer for your home if you sign the deed over to them and move out.
These are all huge red flags. As soon as they get your money you’ll never hear from them again!
Don’t be a victim of a phony foreclosure counseling agency. There's an abundance of free, legitimate help out there for people who are having trouble paying their mortgages and keeping their homes.
The first way to ensure your peace of mind is to contact your lender directly and see if they can help you avoid foreclosure. You may qualify for a loan modification program, but if not, you still have other options such as a short sale. If the lender doesn't want to assist you, an experienced bankruptcy attorney can also help you determine what options you have.
If you feel you've been taken advantage of by one of these fake firms, don’t hesitate to contact a lawyer. Our office can help you get out of foreclosure scams and prevent foreclosure the safe way.
Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.