How to avoid Foreclosure Scams on your Irvine Home

by braddhesi

I Want to Avoid Foreclosure Scams on my Irvine Home

There are many unscrupulous people who are looking to take advantage of your temporary misfortune. They will try and convince you that they can provide a quick and easy solution to your mortgage problem.

Here are some examples of the scams you may come across:

Sell quick or you will be ruined. If your home has equity, they will offer a small amount of money, in the hopes that you will take the bait and they reap the rewards.
The “bailout”. Signing the deed to the property over to them and they will deal with everything. Here the investor tells the homeowner that he will be allowed to stay in the home and pay “rent” to the investor until they can cork out a solution. Once the deed is signed over the investor now has complete control over the property (while you still owe the loan). The problem here is that the investor usually never makes the mortgage payments and the homeowner gets hit with the Foreclosure.
Working with your lender for a fee. Here someone says they will work as a consultant on your behalf, for a fee, to find a solution with your lender. Know that it’s almost always illegal for a person to collect a fee as payment for making arrangements with your lender (except if it’s a lawyer) in California (CA. Civil Code Sections 2945-2945.11).
Remember, if you’re looking to make arrangements with your lender they are willing to work with you to make up past payments and for you to keep your property.

If you have more questions on this topic you might want to take a look at www.ochomehelp.com

OCHomehelp.com is a team of Orange County Short Sale and Foreclosure Specialist’s. They are comprised of a team of real estate agents, loan modification experts, short sale specialists, attorneys, and title officers.

This might be a good place for you to start if you are confused or scared. They offer a free and 100% confident consultations.

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