Avoid Foreclosure Scams!!
By Bob on Mar 1, 2010 in Avoid Foreclosure, Short Sales And Foreclosures
Never pay Upfront Fees!
It seems that whenever there is a crisis affecting people, there is always an army of scum bags ready to step in and make the situation worse. If you or anyone you know is having trouble paying a mortgage there is FREE help available from good reputable sources. In Minnesota we have an organization called the Minnesota Home ownership Center. These people provide free mortgage counseling from certified home counselors. They also act as a sort of central clearing house statewide and can help people find mortgage counselors anywhere in Minnesota.
The Home Ownership Center Toll Free number is 1-866-462-6466.
Know your Rights!
I also ran across a national legal organization dedicated to preventing loan scams. Its simply called Prevent Loan Scams. The website: PreventLoanScams.org
The Prevent Loan Scam website contains lots of information regarding home owner rights in each state. Did you know Minnesota already has several statutes aimed at helping distressed home owners? For reference here are a few of those statutes:
1.) Minnesota Law Prohibits Advance Fees for Loan Modification Services (Minnesota Statute 325N.01-.09)
2.) Protection of Homeowners Against Equity Stripping by Foreclosure Purchasers (Minnesota Statute 325N.10-.18)
3.) Credit Services Organization Act (Minnesota Statute 332.52-332.60).
This site has a wealth of information just on Minnesota. Including:
- Help for distressed homeowners
- Scam reporting
- A list of alleged Minnesota scammers
- Important state laws
- References to Law enforcement
- And a summary of Our Minnesota Crisis
We at the Minnesota Real estate Team are dedicated to preventing foreclosure one home owner at a time. We encourage people to seek free professional help. We are here to help. If you must sell your home we have experienced specialists to help. We don’t charge upfront fees. We have an upcoming seminar for distressed home owners. Thursday, March 4 from 6:30 to 8pm at Cornerstone Mortgage-435 Gateway Blvd, Burnsville, MN, Denae Frampton and Trent Johnson will host Short Sale Solutions. You can sign up for this seminar on this site.
If you would like a personal one on one explanation of how the short sale process works just call or email.
I’ve also set up a special site where you can read and download information on short sales.
Bob,
Thanks so much for helping get the word out about foreclosure scams in Minnesota, they’re on the rise.. and scammers are getting more and more ‘creative.’ Struggling homeowners need to be EXTREMELY careful.
We appreciate the link too!
-Ed Nelson, MN Home Ownership Center
Ed | Mar 2, 2010 | Reply
We do the best we can to make sure people in trouble go to the best sources. It’s a tough battle getting the word out when their are so many crooks and shysters.
Keep up the good work at the Home Ownership Center.
Bob Larsen
Bob | Mar 7, 2010 | Reply