When an individual is at risk of losing their home to foreclosure, they often become desperate and seek help from anyone available to provide it. While it is important that you take initiative in trying to find ways to keep your home and avoid losing it, there are certain things you want to do and things you want to avoid doing. Below is an explanation that can help you become more prepared if you just received notice that your lender is beginning the foreclosure process or it has already begun.
What to Avoid if Your Home Went into Foreclosure?
There are many dishonest individuals out there who prey on vulnerable individuals who are either in the foreclosure process or on the cusp of losing their property to their lender. Therefore, one thing you want to beware of are foreclosure scams. You don’t want to get caught up in all the endless and unattainable promises these scammers claim they can help you achieve. For instance, if someone claims they can promise to help you keep your home or sell it while avoiding the foreclosure process, you might want to check into this to ensure they are a credible and reliable company.
Many of the scammers often use certain tactics to grab your attention and persuade you into agreeing to hire them. Some ways these scammers look for victims are:
- Distributing flyers.
- Advertising online and in local publications.
- Contacting the individuals whose names are displayed in the foreclosure notices in the newspaper. Foreclosures become public record after a certain point in the foreclosure process which makes it easy for these scammers to find you.
- Target specific religious and ethnic groups.
What are Some Common Foreclosure Scams?
According to USA.gov, there are several types of foreclosure scams you want to be aware so you can avoid them completely. Some of the things to keep a watchful eye out for include:
- Those who offer to negotiate with your lender.
- Asks you to sign over the title of your home to them which can help reduce your payments and keep your home.
- Instruct you to make mortgage payments to them and not your lender.
- Suggest that you sign fake foreclosure rescue documents.
- Promise to serve as an intermediary between you and your lender and get your home refinanced.
Although there are many companies out there that can provide you with foreclosure advice and guidance, your best bet is to get it from one of our Tennessee foreclosure attorneys.
What you should do if you defaulted on your mortgage?
As mentioned, the best thing you can do right now if you are in the foreclosure process is to seek legal advice from a credible and reputable foreclosure lawyer in Tennessee. There is no other professional who is more familiar with foreclosure law than our featured lawyers and they can provide you with all the guidance you might need during this stressful and confusing time.
Give us a call today at USAttorneys.com and we will find you a foreclosure lawyer nearby in your city free of charge who has your best interest in mind.