Stress can be a horrible thing especially when the reason has to do with the possibility of losing your home through foreclosure, never mind the oppressive credit card debt , which can also be extremely stressful.
The mortgage assistance relief industry is similar to the credit card debt settlement industry in that both are ripe with dishonest and unscrupulous scam artist whose main goal is to bleed as much money as possible from homeowners who are desperate to save their homes. The sad truth is that too many mortgage assistance relief companies tell lies and half-truths just to get you to use their services and then the relief they promise, never comes. The other sad truth is that these unscrupulous companies leave these desperate homeowners in even worse shape financially than they were before.
If you are a homeowner who is desperately seeking to try and save your home through mortgage assistance relief, there are some warning signs you should know about some of which are obvious, some are not: If they tell you.....
1. They offer a money back guarantee
2. They are affiliated with the government
3. That most all their customers get successful results
4. They can reduce your interest rate, or lower your mortgage payment but they cannot provide proof of these claims.
5. They can only accept payment via wire transfer or cashier’s check
6. They have a special relationship with your lender
7. They advise against contacting your lawyer, lender or housing counselor
8. They receive assistance from real estate experts or lawyers
9. They make an offer to buy your home for considerably less than what neighboring homes are selling for
10. They ask for upfront fees before any services are provided unless an attorney collects upfront fees.
11. They want you to transfer the title or property deed to them
12. They suggest and encourage you to lease your home to enable you to buy it back over time
13. They try to pressure you into signing papers you have not had time to read or study and that you do not fully understand.
14. They tell you to make all mortgage payments directly to them instead of your lender.
If you are concerned that your home could go into foreclosure or that it has already gone into foreclosure, you need the legal advice of a licensed and qualified attorney to keep from being scammed by dishonest mortgage assistance relief companies.
Melvin R. Singleterry, owner of Associated Attorneys is a practicing debt reduction attorney who specializes in helping you settle credit card debt . Singleterry, who holds a Bachelor and Master of Arts degrees from Oklahoma State University and a Juris Doctor from The University of Oklahoma, has practiced in both State and Federal Courts.
Singleterry served pro bono as legal counsel for The Albert Schweitzer Society, USA, Inc. He organized and operates Associated Attorneys, LLC , a corporation dedicated to assisting consumers obtain legal counsel for help with negotiation and settlement of their unsecured debts.