Tag: foreclosure

A homeowner who’s worried about foreclosure or desperate to refinance might listen to a caller who promises to help. Unfortunately, not all cold-calling telemarketers do what they promise. Enter the Federal Trade Commission’s nearly $3.6 million...

Many homeowners struggling to make mortgage payments look for practical payment alternatives: they might try to convince the lender to modify the loan terms, ask for a temporary reduction, or maybe try to refinance the loan. The Federal Trade...

If you negotiated a short sale of your home, you may be surprised to learn that some mortgage loan underwriting systems can’t distinguish short sales from foreclosures on consumer reports. And that may keep or delay you from getting a new...

If you are struggling to make your mortgage payments — or you’ve missed making some payments — you may be thinking about negotiating a short sale of your home with your lender. After all, a short sale may not hurt your credit rating as much as a...

Should you pay someone who promises to prevent foreclosure or guarantees you a new mortgage? No. Here are 5 tips to help you avoid a scam.

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The FTC is mailing several hundred refund checks to Spanish-speaking consumers who lost money to Dinamica Financiera. The company falsely promised foreclosure relief and mortgage loan modifications.

For questions or general information...

You know you’re dealing with a scam artist if they guarantee to save your home, promise to stop a foreclosure, or tell you to stop paying your mortgage company and pay them instead. If you're facing foreclosure, call a housing counselor through...

If you're facing foreclosure, it can be easy to listen to scammers trying to take advantage of this vulnerable time in your life.  But don't be fooled — or robbed — by companies falsely promising to save your home. Learn from the true stories of...

A new scam is targeting financially strapped homeowners across the country. So-called specialized law firms are sending invitations to homeowners, urging them to participate in "mass joinder" lawsuits against their mortgage lenders as a way to...

If you don’t pay your mortgage on time or if your payment is for less than the amount that’s due, you’re in default on your loan. The consequences of default can be costly.

The Federal Trade Commission (FTC), the nation’s consumer...

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