Falling behind in your loan or even being late on a few payments on your mortgage could put you at serious risk for foreclosure. Unfortunately, this is a common problem for many people, and there are scam artists out there looking to take advantage of your situation. While there may be alternatives to bankruptcy in terms of saving your home, it is important to be aware of the following mortgage schemes.
Mortgage Modification Scams Victimize Homeowners
Honest, hardworking people who are vulnerable due to outstanding debts are a frequent target for scam artists looking to make a quick profit. According to Consumerist, those who prey on people facing foreclosure are among the worst offenders.
Mortgage modification scammers often claim to be representatives of community non-profit groups or government agencies. They play on your fears and promise to help relieve your financial burdens, but their lies and scheme can cause you to lose your home, in addition to wiping out any additional resources you possess. The Federal Trade Commission (FTC) warns consumers to be alert for the following scams, which are among the most commonly used by these criminals:
Reach Out to Us Today for Help
When you are having trouble meeting your mortgage obligations, you can trust a passionate Tinley Park debt relief attorney at our office to help weed out scammers, while offering legitimate ways for saving your home. Call or contact the Law Offices of Eric G. Zelazny online today and request a free consultation to discuss your available options.