Stop Foreclosure Yourself - Tips on How to Avoid Fraud While Facing Foreclosure
February 5th, 2010 |
It is no secret that when times take a drastic turn, much like our economy, that many new offers and ways of existing, doing business, and such seem to come up like wildflowers in the spring. These “sproutings” are the natural birthings of changing times, but which ones are the weeds you might be asking?
Weeds in the real estate community have been around since the dawn of time. Just like any huge industry revolving around lots of money, there is bound to the lurking criminal artist. The reason that foreclosure fraud, and other fraudulant activities, seem so evident is due to the changing times. When times change, the way we react and do business changes as well, bringing in new ideas by the bucket full. Since these ideas and new ways of doing business are new, then it is harder to tell whether it is a weed, or a beautiful flower yet to bloom.
Here are some tips to help protect you in changing times of foreclosure;
1. I personally believe that your gut tells you no lies. Even if the situation doesn’t appear to have anything logically wrong with it, if your intuition says run - then run. There are certain situations that resonate with each of us and just feel more pleasant. We should stick to what has a good old trustworthy feel to it.
2. Don’t give away the deed to your house. While I have seen very honest and legitimate real estate investor ask homeowners to sign over the deed for their house for genuinely good purposes, it seems that scam artists have taken this technique to an ugly turn. The deed is the main power of ownership you have over your foreclosure situation and it is too risky in my opinion to play with these days.
3. Ask whoever you are dealing with to provide you with evidence that what they are saying is true. Even a younger more inexperienced person should have some form of good education or a mentor with good testimonials in their histories to provide some form of proof. Get proof and check up on it for accuracy if you can.
While new changes bring about new ideas that sometimes haven’t had a lot of time to prove themselves out, you can at least be aware as a homeowner of what the risks are. You have a right to know and you have a right to choose the level of risk you are willing to engage in.
Get a copy of What To Do When Facing Foreclosure and learn to stop foreclosure yourself and avoid fraud altogether at http://foreclosureroadway.com/ForeclosureHelp.aspx
