It's easy to make a mistake or not be as careful as we should be when faced with stress and adversity in our lives. If you are facing possible foreclosure, or even just stress over bills piling up, then you could be more apt to call for a "Too good to be true" scam. Scam artists are capitalizing on the misfortunes of othersat alarming rates, and there are a lot of so called foreclosure programs that promise safety, security, and much needed assistance; yet they fall dangerously short of fulfilling their promises and some are just outright scams. Please read the information from Making Home Affordable (MHA) below for more information on where you can turn to for help.
Some people may go their entire lives without ever having to face the struggle of foreclosure. If you are reading this, I hope that you are one of those people. But if you are or maybe it isn’t you, it is someone you know and love, I hope you are not going through it alone. It is a sad but true fact that most people who have foreclosure knocking at their door have no idea where to turn and they have no idea that there is actually help available to them.
Unfortunately, so many Americans are still struggling to make their mortgage payments. About 1 in 17 homeowners nationwide have fallen behind on their mortgage payments, putting them at a higher risk of foreclosure.
That is why the Making Home Affordable (MHA) program provides free resources and assistance for distressed homeowners who are working hard at juggling expenses to makes ends meet. There are more options available for struggling homeowners today than ever before, and MHA works to provide them with the mortgage solution that is right for them.
Unfortunately, foreclosure rescue and mortgage modification scams are a growing problem. Scammers will make promises that they can't keep, such as guaranteeing to "save" your home or lower your mortgage payments, usually for a fee, and sometimes even claiming that they have direct contact with your mortgage company.
These scams could cost homeowners thousands of dollars – or even their homes. If you or someone you know needs help with their mortgage, please keep these things in mind:
Through the federal Making Home Affordable program, many homeowners have received much-needed help to reduce their monthly payments, get mortgage relief, and avoid foreclosure.
Telephone scammers often request payment by wire transfer services similar to MoneyGram, or completion of paperwork containing your Social Security Number. Do not make any mortgage payments by wire transfer, or provide any personal information, in response to these calls. If you receive unsolicited calls, always check with your mortgage company using the phone number on your mortgage statement, or call 888-995-HOPE™ (4673) to check its legitimacy.
Beware of telephone calls urging you to take advantage of the Making Home Affordable Program. Beware of anyone seeking to charge you in advance for mortgage modification services. In most cases, charging fees in advance of a mortgage modification is illegal.
Paying a third party to assist with your application may not improve your likelihood of receiving a mortgage modification. Beware of individuals or companies that ask you for payment, tout their success rate, or claim to be Making Home Affordable (MHA) or Home Affordable Modification (HAMP) experts.
Going through the stress of potentially losing your home is hard enough as it is. No one should EVER be faced with going through that alone, but many do feel alone in what they are experiencing. That is why the Making Home Affordable (MHA) program provides free resources and assistance for distressed homeowners who are working hard at juggling expenses to makes ends meet. There are more options available for struggling homeowners today than ever before, and MHA works to provide them with the mortgage solution that is right for them.
Visit MakingHomeAffordable.gov to read about available programs to help with mortgage payments. If you or someone you know is struggling, there is help.