If your mortgage company is threatening foreclosure on your California
home, there are things you can do to avoid it . California loan modification by
a Irvine, CA loan modification company can save your home from
foreclosure. Irvine, CA loan modification is actually an easy process if
done by a licensed attorney. At Feldman Law Center we are committed to providing
legal assistance to Irvine, CA residents facing foreclosure. Our
Irvine, CA foreclosure assistance program for Irvine, CA homeowners
is unmatched in the loan modification industry. We have special relationships
with the lenders threatening foreclosure on our home and know how to work with
them through such issues as negative equity, late mortgage payments, and
financial hardships. However, you should be aware of scams. If there are solutions to your
problems that seem too good to be true, they probably are.
For example, if you're trying to sell your home in Irvine, CA yourself
without professional guidance, beware of buyers trying to rush you through the
process. It is unfortunate, but there are people who will try to take advantage
of your financial difficulty. You should be especially alert to these scams:
Equity Skimming
In this scam, a person approaches you as a buyer, offering to get you out of
financial trouble by promising to pay off your Irvine, CA mortgage or to
give you a sum of money when the property is sold. This person may suggest you
move out quickly and deed the property to him or her. The buyer than rents the
California property, collects rents for a time, does not make any
mortgage payments, and allows the lender to foreclose. The important thing to
remember is that signing over your deed to someone else does not necessarily
relieve you of your obligation on the Irvine, CA mortgage loan.
Loan Modification or Counseling Scams
Some organizations may approach you saying they are "counseling agencies." They
will offer to perform certain services for a fee. Some may try to even say they
are loan modification companies. Many of these loan modification companies are
real and offer a good service. If you feel you are being targeted by a scam then
please contact The Feldman Law Center now and we will provide you with
the advice you need to make an educated decision about Irvine, CA loan
modification.
Precautions you can take to avoid Irvine, CA Foreclosure Scams
Here are some things you can do to avoid a foreclosure scam.
1. Don't sign any papers you don't understand
2. Make sure you get all "promises" in writing
3. See a lawyer or your mortgage company before entering into any agreement
involving your house.
4. Beware of any contract of sale or loan assumption where you are not formally
released from liability for your mortgage debt.
5. If you're selling the house yourself, to avoid foreclosure, contact your
state's attorney general, the state real estate commission, your local Better
Business Bureau, or your district attorney's consumer fraud division to make
sure there are no complaints against the prospective buyer.
The main things to remember
Don't lose your home and damage your credit history
If you are receive a letter from your mortgage company threatening
foreclosure, contact the company immediately.
Stay in your home to make sure you qualify for assistance.
Explore every alternative to keep your home.
Be aware of scams.
Do not sign anything you don't understand. And remember that signing over the
deed to your house to someone else does not necessarily relieve you of your loan obligation.
