Real Estate News Blog July Archive

Let the Buyer Beware

By Art C. Ryder at 07/04/07 01:28

Presents a nice little list for people looking to avoid foreclosure or seeking foreclosure refinance money. The prospect of forclosure can be scary, but don’t make things worse by dealing with the devil.

1. DON'T fall for outrageous promises like saving your credit or getting a new lower payment mortgage.

2. DON'T sign away ownership of your home (without an attorney's advice).

3. DO know what your rights are.

4. DON'T do anything verbally-get it in writing.

5. DON'T sign anything with blank spaces (that can be filled in later).

6. DO be skeptical about everything-check and recheck to make sure you are protected.

Original source: . Let the Buyer Beware

Beware of foreclosure rescue scams

Basically, stay away from anyone who volunteers to help you avoid foreclosure by paying a fee or signing over your title. Many people facing foreclosure in Seattle, Washington have been unwittingly been tricked into signing over their homes to people (attorneys, real estate agents, opportunists). Fear of forclosure and bankruptcy scares people into making all kinds of bad decisions. The best thing you can do is talk to your lender or city or state housing department to find out what foreclosure help options are available to you avoid foreclosure

Original source: . Beware of foreclosure rescue scams