Mortgage fraud
I just read this article about Mortgage fraud in Reader’s Digest. Unless you have been living under a rock for the past year, surely you would have heard about the companies that advertise on TV/Radio/fliers about Credit consolidation and how they can reduce your mortgage or refinance your home or reduce your debt. They make it seem so easy. But the reality is that it’s never that easy to refinance or reduce your debt. The article provides some great information and resources at the bottom if you really need help with foreclosure or if you think you may be the victim of a housing scam. Also, if you have come to the stage of thinking about bankruptcy, please bear in mind that many bankruptcy petition preparers who advertise really low rates, may be only petition preparers and not attorneys. A bankruptcy attorney would be able to guide you through the whole process of bankruptcy and put your mind at ease. There are various reliable resources online to point you in the right direction starting with your local area bar association. The Massachusetts Bar Association has a Dial-a-Lawyer program where you can call and ask questions to an attorney directly free of charge.
Please be careful during these tough times as the article mentions that scammers may be out there to take advantage of you when you are scared and confused. As always I provide a disclaimer that if you have any questions about Bankruptcy please contact a qualified Bankruptcy attorney in your jurisdiction.
