FACING FORECLOSURE? LOOK OUT FOR SCAMS
today are targeted frequently by scammers promising loan modifications, lower
interest rates and foreclosure relief. Donít believe their claims.
exchange for a fee, scam artists might promise to save your home from
foreclosure. But if you do business with them, you risk losing your money and
Donít trust companies that:
help that sounds too good to be true
for money up front
you ďspecial bailout fundsĒ or hint they work for or are affiliated with the
high-pressure tactics or say you must act right away
they can help you regardless of your financial situation
you not to call your lender or the court
you not to make your mortgage payment
an attorney will look over your loan, but wonít give you a name or phone
you a lengthy agreement you must sign before they will help
about how they are faster than nonprofit counseling agencies
Never pay for foreclosure prevention assistance. Real help is available for free. Call Save the Dream at (888) 404-4674 to be connected to a housing counselor or legal aid.
YOUíRE IN FORECLOSURE, DONíT PANIC.
charge of your situation by immediately following these steps:
your lender and ask for the loss mitigation department. Be honest about your
situation. If your lender doesnít help you, call Save the Dream at (888)
in your home. If you leave, you may lose some of your rights. Vacancy also can
lead to vandalism, and you could be responsible for any damage.
your mail. Government and nonprofit agencies may send you information to help
you keep your home.
of scams. Donít trust companies that ask for money in exchange for helping you
save your home. Once they take your money, theyíll do nothing.
your common pleas court and ask for foreclosure mediation. If itís available,
the court will arrange a meeting with you and your lender to help save your
For more information or to report a foreclosure rescue scam, visit www.SpeakOutOhio.gov or call The Ohio Attorney General's Help Center at (800) 282-0515.