Thursday, March 22, 2012

Have You Been the Victom of a Scam?!!!!

Protect Yourself from Mortgage Fraud

Scam artists are stealing millions of dollars from distressed homeowners by promising immediate relief from foreclosure. Learn more about common schemes that are being used to defraud mortgage-holding homeowners.

Fannie Mae partners with lenders, law enforcement, nonprofits, and others to prevent or stop mortgage fraud schemes through prevention, education, and enforcements. Learn more about Fannie Mae's Mortgage Fraud Program on eFannieMae.com.

Beware of Foreclosure Rescue Scams – Help is Free!

If you receive an offer, information, or advice about how to get relief from foreclosure and it sounds too good to be true, it probably is.

You can get counseling from HUD-approved agencies for free. Don't let mortgage scam artists take advantage of you, your situation, your house, or your money.

How to Determine if You’re the Possible Victim of a Scam

To determine if you are a possible victim of a mortgage scam, ask yourself these questions:
  1. Did anyone offer to help modify your mortgage, either directly or through advertising such as a flyer?

  2. Were you guaranteed a loan modification or asked to do any of the following?
    • pay a fee
    • sign a contract
    • sign over title to your property
    • redirect mortgage payments
    • stop making loan payments

If the answer to either question is yes, then report the possible scam.
  • Call 1-888-995-HOPE (4673), or
This information was taken from the Fannie Mae site and is provided as information only for legal advice please consult an attorney.

Thank you for reading my blog and if you are hanging by a thread call me, The Texas Short Sale Queen at 214-650-5536 or fill in the contact box on the right and I will respond quickly.

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