Mortgage Relief Scams

By: Robert Harris,

Attorney Harris Law Firm

For people who are upside down in their homes, and are desparately looking for a way out, rest assured that scammers are more than willling to take yor money. A Huffington Post article about mortgage relief scams explains one type of common scam. 

Before you ever, ever, ever agree to hand your money over to any mortgage relief, or debt workout, or distressed loan "specialist" (who may actually be nothing more than a boiler room operator somewhere in Florida), talk to a local reputable attorney about your legal options. For a relatively small fee, an experienced attorney can assess your situation and spell out your options.

One thing to be aware of. There are a very few number of attorneys who, usually unkowningly, work with these worthless loan modification companies. These companies persuaded some naive attorneys to act as their "fronts". So the attorney is convinced that all they had to do was attract and sign the distressed clients,  collect the fee, and the loan modifaction staff will take care of the client. So if you do retain an attorney, just make sure they are handling all of the work within their own office.

Comments

[strata property]

Your detail information regarding mortgage relief scams is relatively small but you have mentioned nice points which helps others to follow easily. Thanks for sharing such an informative post.

[Los Angeles Bankruptcy Attorney]

Scammers are everywhere, and consumers should be careful. This is a very informative blog. For individuals who need a California bankruptcy attorney, they should visit http://www.liverpoollegal.com/Los_Angeles_Bankruptcy_Attorney.php

[Spencer Hale]

It is sad that scammers prey on people who are already in such bad straights. As you said though it's important to do your homework and make sure you know who your bankruptcy attorney really is and who they associate with.

[Reverse Mortgage]

Good to see they are starting to take action, about time.

[שתלים]

There are very few lawyers unkowningly usually work with these loan modification companies worthless.

[online writing]

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