https://www.fool.com/the-ascent/mortgages/articles/how-spot-foreclosure-scam/
Anyone who suggests that you don’t hire an investigator or don’t hire a lawyer is trying to fool you on the facts or the law.
RED Flags
- You are guaranteed a halt to the foreclosure process or a loan modification, regardless of your circumstances.
- You are told not to contact your lender, a housing counselor, or an attorney.
- You are asked to pay upfront for the services they offer.
- You are instructed to make your monthly mortgage payments to them rather than your mortgage lender while they work it out.
- They offer to pay cash for your home (at a much lower selling price than comparable homes).
- You are pressured to sign papers before you have had a chance to study them.
If you think about it this is exactly what the banks did when they signed you up for a loan that was actually an invitation to disaster.
Editor’s Note: I don’t agree that forensic audits can’t help. That is ridiculous. Someone needs to set up the facts so the lawyer knows what to litigate.
I suspect that the banks are getting more worried about forensic investigations, which are drilling down on false statements, false documents, for resurrecting a loan account that was actually retired in the real world contemporaneously with the origination or acquisition of the loan.
Anyone who suggests that you don’t hire an investigator or don’t hire a lawyer is trying to fool you on the facts or the law.
Filed under: foreclosure |
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