Mortgage modifications and other scams are running rampant in Miami Florida. The Attorney General is warning of such mortgage modification scams stating that it is illegal for a company to charge any fee whatsoever until after a modification is rendered to the homeowner. As a homeowner facing foreclosure, you must be aware of scammers that may rear their ugly heads. Scammers are particularly fond of elderly and other people who may be at an educational or financial disadvantage. It is because of things like this that it is imperative that you seek a Miami foreclosure attorney who has a reputation for great legal practices.
HUD is launching this campaign to not only help homeowners avoid foreclosure but to educate them about potential scams. They will explain how to spot a foreclosure scam artist, give you the names and business information of potential scammers, give you a resource to use if you come in contact with a foreclosure scam and much more. When faced with a foreclosure in Miami, it is understandable to see homeowners getting desperate and in too many cases jump onto the bandwagon of possible mortgage modification scams. They end up not only losing their homes, but loads of money.
Mortgage or Loan modifications can be negotiated by a qualified Miami foreclosure attorney and can be done safely. Even still, be careful which attorney in Miami you choose as there has been a recent rash if illegal foreclosure activity within the legal community as well. It is advisable to seek an attorney in Miami who has a pristine legal record and can show you case studies of clients they have represented that have either won or utilized another option when foreclosure was imminent.
While foreclosure rates are down for south Florida, foreclosure and mortgage modification scams are still on the rise. We will likely see more in the coming days as the foreclosure statistics will jump once the unclogged foreclosure legal system begins to run smoothly. Until then, utilizing the information H.U.D. is offering can save you some serious heart ache and the help of a great foreclosure defense attorney can offer options you may not know you have.
New Hud Campaign Empowers Homeowners to Recognize, Avoid and Report Foreclosure Relief Scams, by Rismedia, April 20th, 2011
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment