Josh Talayka | May 26, 2010
Scammers and con-artists tend to make a living by taking advantage of people who are vulnerable. So it’s no surprise that with the number of people facing foreclosure, that we are seeing more and more scams that promise to rescue you from foreclosure.
Now this doesn’t mean that every person or company that offers to help you avoid foreclosure is running a scam, because there are many legitimate consumer financial counseling agencies out there that can help you work with your lender. You just have to be carful when trying to distinguish between the two. If someone offers to help negotiate a loan modification between you and your lender, or work to stop or delay a foreclosure for a fee, you will want to carefully check his or her credentials and watch out for the warning signs of a scam. In most cases, the immediate red flag to look for is whether or not they are requiring a substantial up front fee.
Here are some examples on some of the types of scams to be aware of, and what you can do to make sure you do not become another victim:
Category: Financing/Mortgage Topics, Loan Modification Series, Short Sale & Foreclosures |
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Tags: Chase International, Default, Foreclosure, fraud, home retention, Homeowners Assistance Program, Loan Modification, loss mitigation, Nevada, NV, Real Estate, reno, scam, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | February 21, 2010
On December 1, 2009, the Treasury announced that is was going to begin fining services that fail to permanently modify as many mortgages as the government thinks they should be. Servicers failing to meet performance obligation under the Servicer Participation Agreement will be subject to consequences which could include monetary penalties and sanctions. When a mortgage is modified, it must first go through a trial phase. The problem however is that in many cases these modifications were not made permanent.
Category: Loan Modification Series |
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Tags: Chase International, Homeowners Assistance Program, Loan Modification, mortgage, Nevada, NV, Real Estate, reno, Servicer Participation Agreement, Talayka, www.sellingnorthernnv.com
Josh Talayka | January 17, 2010
The Homeowners’ Assistance Program (HAP) provides some monetary relief to eligible service members (including Coast Guard) and federal employees (including non-appropriated fund) Homeowners who suffer a financial loss on the sale of their primary residence as a result of a decline in their real estate market as a result of a base closure or realignment announcement.
Category: General |
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Tags: Army Corps of Engineers, Chase International, Department of Defense, DOD, HAP, Homeowners Assistance Program, Military, Nevada, NV, Real Estate, reno, Talayka, USACE, www.sellingnorthernnv.com
