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Nov 23

What to Do If You Have Been Scammed

Identify Foreclosure ScamsIf a mortgage scam artist or a foreclosure scam company has already taken advantage of your situation and scammed you, you have to notify the authorities. You may have signed your deed over to a company or you may have signed legally binding contracts that appear bullet proof, but the authorities can help you in this regard.

If you believe that you have been scammed, visit  (https://www.ftccomplaintassistant.gov/)

and file a complaint against the alleged fraudulent company/individual. If a company guaranteed you a loan modification, or you paid someone other than a lawyer an upfront fee, you already qualify to file a complaint.

What most of these scam artists hope you don’t realize is that it is illegal to pay someone other than an attorney for loan modification services, and it is illegal to ask the homeowner to redirect the mortgage payments to someone other than the lender. Most of the scam artists are in direct violation of these legislations, and will be prosecuted upon your complaint.

Many scam artists took advantage of the presidential election. The future of the HAMP and HARP initiatives introduced by the Obama administration was in question, and if the president had not been selected for a second term, these programs may have been in jeopardy. Homeowners were extremely vulnerable to fraud during the election and several stories about scams are now springing up in the mainstream media.

If you were asked to move out, sign over the deed of your house, asked to make payments to a third party instead of a lender or were asked to sign a contract you didn’t fully understand, you can file a complaint and let the authorities investigate the matter.

You may believe that the situation is hopeless, and that your thousands (in some cases the property or hundreds of thousands) of dollars have been lost, but if the company/individual is found guilty you have a chance to get your money back. Following are the advantages of reporting to the authorities:

  • If the alleged fraudulent individual/company is found guilty, you get your property/money back.
  • Your immediate action helps prevent others from being scammed.
  • You set the record straight about not being able to make your recent mortgage payments.

So if you believe you have been scammed, immediately report to the authorities https://www.ftccomplaintassistant.gov/ . You can also contact Amerihope Alliance Legal Services for free consultation with loan modification attorneys and foreclosure defense attorneys.

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