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Beware of These 5 Common Foreclosure Scams
4 pages
Published by
Curtis Rose
BEWARE OF THESE 5Common Foreclosure Scams
Beware of These 5 Common Foreclosure Scams
Everyone that owns a home values the ability to go home at the end of a hard day and
close the door on the rest of the world.
Our home is our sanctuary...
[More]
BEWARE OF THESE 5Common Foreclosure Scams
Beware of These 5 Common Foreclosure Scams
Everyone that owns a home values the ability to go home at the end of a hard day and
close the door on the rest of the world.
Our home is our sanctuary and a big part of the reason many of us go to work every day
in the first place.
Unfortunately, financial challenges can put home ownership at risk;
after all, your house is usually your collateral for your mortgage.
Unfortunately, there are many companies that attempt to prey on those that are in
danger of losing their home.
While not all companies are disreputable, many are.
Let s look at the most common scams out there.
Common Foreclosure Scams:
1.
Equity Stripping.
In this scam, a mortgage lender is well aware of your
challenging financial situation and pushes you to get a larger mortgage to pay
off the original mortgage.
This larger mortgage has even larger monthly
payments than original mortgage.
Of course, it’s only a matter of time befo
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Tags
aware,
balloon,
common,
equity,
financial,
foreclosure,
home,
larger,
lender,
loan,
making,
mortgage,
offer,
payment,
payments,
refinance,
scams
