Is $1,500 the most you should pay for a loan modification? Is $3,000 reasonable to save your home from foreclosure? The most you should pay for a loan modification or to save your home from foreclosure is $0 – nothing.This answer may surprise you. If your mortgage is late, you should work with your lender or a HUD-approved counseling agency for free.
Did you know asking homeowners to pay for a loan modification or to stop a foreclosure is still the biggest sign of a scam?Yet thousands1of homeowners get scammed every year. It’sactually illegalfor a company or individual to ask you to paymoney before you have a written offer from your lender approving the loan modification or halting the foreclosure.It’s called the Mortgage Assistance Relief Services (MARS) rule, administered by the Federal Trade Commission. More scam signs can be found at www.loanscamalert.org.
So if you’re struggling to pay your mortgage each month or you’re already getting delinquency notices, what should you do?Here are the top things you should do to stay in your home and avoid scams:
1. Contact your lender as soon as you get concerned about paying your mortgage.
2. Determine your options by speaking to your lender’s loss mitigation department.
3. Be patient but persistent with your lender, because getting a loan modification takes time.
4. Call the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673) to speak with a trained counselor 24 hours a day or to find a local HUD-approved counseling agency to talk to a counselor in person.
5. Avoid anyone who asks for a fee prior to providing any loan modification service, including companies, individuals and even some lawyers.
6. Avoid anyone who guarantees to get your loan modified or stop a foreclosure, because nobody has the power to make this promise.
7. Avoid companies that tell you to stop paying your mortgage and to pay them instead. This is a sure sign of a scam.
8. Report loan modification or foreclosure scams at any time by visiting www.LoanScamAlert.org or calling 1-888-995-HOPE (4673).
For more information related to loan modification and foreclosure scams, visit www.LoanScamAlert.org. Join us on Twitter at twitter.com/loanscamalert and like us on Facebook at facebook.com/loanscamalert.
Representatives from NeighborWorks® America have been educating homeowners about the warning signs of loan modification scams, a wave of fraudulent activity connected to the foreclosure crisis. The effort is an extension of Loan Modification Scam Alert, a national public education campaign to help homeowners protect themselves against loan modification scams, find trusted help and report illegal activity to authorities. The campaign brings together NeighborWorks® America, the Department of Housing and Urban Development (HUD),the Federal Trade Commission, the U.S. Department of the Treasury and other government and non-profit partners including 235 community-based affiliates.
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This Week’s Celebrity Instagrams (11/26-12/2)
30 photos Launch gallery
1. Little Legend and Puddy 😍😍😍😍
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2. "You on point Phife?" "all the time,Tip". 💥 #bannedfromnormal
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3. Vegan! The Impossible burger at Crossroads
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4. Lawrence #BeforeandAfterEpisodes 1-4: 184lbs 13% body fatEpisode 8: 196lbs 8% body fat S/O @coachdaveboxing with the works outs and @kildareriordan with the nutrition
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5. Jus haaaanngin out
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6. Meanwhile back at home in Atlanta GA someone mad they not on the 🛳. 😳
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7. No limits... Photo cred: Chris Bridges @ludacris
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8. new new
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9. Apparently my 260lbs is too much for the actual vines in the Hawaiian jungles to hold me without breaking and me falling hundreds of feet. So for safety purposes, I'm forced to swing thru #Jumanjj on wires strong enough to hold 12 adult buffaloes and 1 adult Rock. #OnSet #Jumanji #IronicallyIEatBuffaloDailyForLunch #MoreManThanNatureKnowsWhatToDoWith
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10. hey ma! 🎎#wcw 💙
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11. Surprise visit to our factories!!! #GoodAmerican #USA
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13. Peachy Keen 🔥✨⚡️
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14. If this don't look thankful I don't know what does. Happy Thanksgiving to you and yours. #UltraBlessed #24kMagic #SweetPotatoFly
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15. Late nights @nbcmarlon with the writers... we in here!!!
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16. There goes my baaaaaaaaabbbbyyyyy #QueenKingMagic!!! We're up to something! Ira BIG!!! Stay out our buisness -
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17. You want to win every game you play but when you come home to these faces... who cares. #ILoveYouGirls best part of my day, everyday!
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18. Steady,steady..... full size jenga.. "I got this one "???? Or do I ?
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19. Cornrows kind of day 😉@dontaysavoy2 you convinced me and I love. ❤️️
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20. #BrotherlyLove #tbt
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22. #basel #TeamLOVE @kingcombs
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23. Just introduced a special screening of @directher 's groundbreaking (must see) documentary @13thfilm with my brother @themichaelealy | @unitedblackout #blackoutblackfriday
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24. Me & Vanessa Williams giving #DuckLips #Pose on the set of #DaytimeDivas @vh1 - Coming Soon to a tv near you. Lol. - My make up done by @makeupsurgeon
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25. This picture just makes me wanna praise the Lord, you hear me!!!!!! Yes Lord brotha #TEDDYCAMPBELL What a #man !!! You are everything right on this picture husband ......... #gorgeous #stylish #classy #strong #masculine #king #sexy #debonair #gentlemenstyle And that #bible in your hand just seals the deal for me (probably cause i know that, that is what helped you become just as amazing as you look😘). While my heart and mind experiences the goodness of God at #church on Sundays, my eyes experiences the goodness of Teddy😍. Amen somebody🙌🏽. "Bless the Lord oh my soul and all that is within me bless his holy name" #myman #myhusband #goodman #blackman #dapperman #godlyman #goodfather #mybestfriend
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26. Yesterday was my mama's 53rd birthday!!!!! Got to celebrate with her all day. If this is what I have to look forward to I can't wait. Looking like a soft bucket a cocoa butter. Yaaaaaaaaaas! 😍😍😍 love you mommy!
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27. "Shout out to @PureAtlanta for getting the family right"....I'm loving this jogger. 😍😍
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28. This pic warms my heart ❤️ #myLogiebeans and aunt aunt umba @itowandabraxton 😘
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29. You will always be my baby😜. #HappyBirthdayReginae #mybaby18
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30. GC "Gods Child" Red on Red SweatSuit available now at www.MonicaApparel.com ... Take Your Crown wherever you go!! I'm pictured in a Medium... Go to the site now for other options ... cc: @trukernell
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