Real Estate News Blog April Archive

Scammers Targets Owners Faced With Foreclosure

By Art C. Ryder at 04/24/07 23:44

Warns homeowners facing potential foreclosure of scammers promising foreclosure help only to take over the property for themselves or their investors. If people are coming to your door offering foreclosure help, check them out. Don’t believe them until you have a chance to investigate them further, even if they go to your church! Don’t sign anything without reading it. Any homeowner facing foreclosure should contact their mortgage company and deal with them or other state approved lending agency. Homeowners unfortunate enough to live in states without fraud protection, such as Arizona, beware of supposed “good Samaritans;” they might be just the people to step on you while you’re down.

Original source: . Scammers Targets Owners Faced With Foreclosure

Subprime bailouts: How they work

Describes how some states are resorting to bonds to help homeowners with subprime mortgages avoid foreclosure. This foreclosure help enables borrowers to refinance through state-approved lenders and get out of onerous financing deals.

Original source: . Subprime bailouts: How they work