Carpet Baggers feeding off those facing foreclosure

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Good Morning America did a piece on companies out to “save” you from foreclosure. I hate to say it but I did hear someone mention this type of scheme is right here in Frederick. I don’t know the name of the company but just be aware they are here.

When someone says I can help you stay in your home and lower your payments but you have to sign over the deed to us or anything of this nature…Be very very cautious. It is not hard to get your information and feed into your worries. The foreclosure proceedings filed with the court is public information on the web and at the County Court house. These scum bags are very good at jilting you out of your home and creating more problems for your future and they don’t care…they are scum bags! If someone ever approaches you and feeds off your concerns, you need to step away and get a second opinion. Call me…I might not be able to help you but I will put you in touch with someone that can give you expert advice.

You have alternatives to Foreclosure, but YOU have to do something about it.

Your Choices…

Do nothing
Refi or payoff the loan (obvious, but hard to do or you wouldn’t be in this position)
Reinstatement - Play catch up, make all past payments, pay off late fees and attorney cost
Loan Modification - It never hurts to ask for a change to your loan
Forbearance - A repayment plan or temporary pay arrangements based on financial condition
Partial Claim - A loan from the lender to include back payment cost and fees
Deed in lieu of Foreclosure - Give back to the bank, conditions apply
Bankruptcy - There is a variety of options here call a Bankruptcy attorney for advice
Sale - This usually results in a short sale where the bank has to approve sale because they are accepting less than what you owe on it.

The key is you need to do something…these are trying times and no one ever plans to be in this position. Seek help. I can help you facilitate the sale of your home, but believe me, I don’t want to put another home on the market if there are available options for you to keep it.

EDIT: Added the following.

Call your lender, should this happen to you. There is also a hotline number to call 1–800–4FRAUD8

Thanks Missy for the video and hotline.

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April 16, 2008 · Filed Under Frederick Foreclosure, Frederick MD Real Estate, seller

Comments

5 Responses to “Carpet Baggers feeding off those facing foreclosure”

Chris Griffith on April 16th, 2008 10:26 pm

The lowest of the low. This font is tiny and very hard to read. No age jokes, please.

Chris Griffith’s last blog post..For Sale While For Rent
gotbob on April 17th, 2008 7:12 am

I bumped it up a little. Any more and the formatting gets a little odd.
Olivia on April 18th, 2008 3:58 pm

I got lucky someone recommended Mortgagebuyerbasics.com to us and they were the real deal no scams or fraud. Mortgagebuyerbasics.com took all the steps in arranging a work out program with my mortgage company. It has been such a pleasure working with someone that showed a genuine concern for my situation and was knowledgeable. They made it seem painless and less confusing. I was able to get through this confusing and stressing time in the comfort of my own home through email, chat, and telephone discussions. This allowed me to retain my dignity by them being the mediator between me and my mortgage company. All my calls from the mortgage company was instantly stopped. I was able to save my home with their help.
Monday Foreclosure watch - The city has a plan- I think : Focus On Frederick.com on May 4th, 2008 1:51 pm

[...] to help befuddled home owners. I really want to know if they have anything place to address the carpet baggers that have moved in to take advantage of the desperate [...]
gotbob on May 5th, 2008 3:30 pm

Not sure if you are an advertisement or not Olivia. You never returned my email.

But I will give you the benefit of the doubt…even though the website doesn’t have much if any traffic at all. I hope you are legit, because I hate (strong word) carpetbaggers.