Foreclosure is a very serious matter. You're now receiving all sorts of letters in the mail from different companies, all telling you that they can help you. They can be very confusing. If you've noticed, they want you to do one of the following. So let's go over each of them, one at a time.

Just Walk Away
It has come to our attention that some organizations are advising people on the phone and by mailers to home owners, to just walk away and let it go to foreclosure. It appears the organizations behind this campaign may be groups of investors that want to buy your property cheap at auction. This can be devastating for home owners in many states, as the home owner is responsible for the deficiency, which means if you owe $225,000 on your loan, and your home sells for $100,000 at auction, you're on the hook for the $125,000 difference. They can garnish wages to get it. This means the investor gets a great deal and the homeowner gets a huge bill as they are being kicked to the curb.

Private Investors/Lenders:
They will tell you that they will bring your mortgage current and payoff all back fees to save your home, and they will, for a price of coarse.

In order for them to do that you must "Quick Deed" (sign over your home to them in their name). In turn they will lease your home back to you with 15-20% higher payments for 1, 2 or 3 years until they have made their investment back. Then they will agree to sign your home back to you. Sounds good so far, right? But here's the trick.

In the contract that you sign, somewhere in the fine print, it will say if the lessee (you) are 24 hours late with your monthly payment within the duration of your contract, then the lessee (you) must evacuate the premises. Usually within 5 - 7 days. Over 90% of homeowners that fall for this trick end up losing their homes. These investors all know that you've had payment problems in the past. That's why they prey on homeowners in your situation. Next thing you know your family is out on the street with no home or hope and the investor just tricked you out of your $150,000 home that cost them only $4,000 to $5,000. So PLEASE BEWARE. Don't do it.

New Loan:
You try to take out another loan. This is less of an option now because you've proven that you can't make payments on time and your credit is not good. Some predatory lenders will use the "new loan" scam on you just to waste your precious time. They will drag out their "loan approval" process for as long as they can. Usually a few days before your foreclosure sale date they will inform you that they couldn't get you approved for a new loan (surprise..surprise!) and they feel so bad that they will help you out personally by loaning you the money you need and for this you will need to sign your home (quick deed) over to them. The rest of this scenario is the same as the paragraph above.These sharks are called equity skimmers.You gain nothing. Don't fall for it.

Real Estate Agents:
They approach you wanting to sell your home for you. The price is lowballed so it will easily sell quickly. They say they want to help you out, but many actually are just helping you out of you're home and onto the street, and helping themselves to a huge commission, thanks to you

If you truly would like to save your home and have your case handled correctly, call the professionals. We will evaluate your case for free and inform you of your rights as a homeowner. We will introduce you to the many options that are available to save your home. To get your free evaluation either fill out a short questionnaire by clicking here or call now, 1-888-209-1424.