Restrictions on Collections Activities
It is important for homeowners to understand that they are protected by the law whenever they are facing any type of collection activity, including late or back payments on their mortgage. The two federal laws that pertain to these situations are the Fair Debt Collection Practices Act and the Fair Credit Reporting [...]
Tags: fraud, homeowner's rights, scams, tips
The unfortunate environment that we are in today where much of the country is facing an avalanche of foreclosures has been a breeding ground for scam artists and less than legitimate foreclosure rescue companies. The stress and desperation of homeowners who are dealing with foreclosure makes it easy for fraudsters to claim to be able [...]
HUD’s (U.S. Department of Housing and Urban Development) tips for homeowners who are having problems in making their mortgage payments or are already in default.
Most importantly, don’t ignore the problem. Timely attention to the challenges that you are facing will increase the chances of reinstating your home loan.
Contact your lender or a counselor who can [...]
