It's always sad when scams have to be addressed, especially when many homeowners are financially strapped and are trying to avoid being foreclosed on. It is imperative that if you are having mortgage problems, that you address them with your mortgage company right away. Additionally, should you choose to seek assistance from an outside source, that you are using legitimate options. According to an article published by houselogic, 2.8 million properties were hit with foreclosure notices in 2009. Scam artists specifically target those consumers so it's well worth your time to invest the time and effort to research legitimate options and don't make any hasty decisions.
The article goes on to report that the U.S. Federal Trade Commission has identified 71 companies running suspicious foreclosure rescue ads, and the Better Business Bureau counts foreclosure rescue rip-offs among its top 10 scams.
For details on these scams, please follow this link.
The U.S. Department of Housing and Urban Development (HUD) website has a list of HUD-approved counseling organizations listed by state. To view the list, visit www.hud.gov/counseling.
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