Claiming Is Easy With Boston Foreclosure Attorney

Dec. 22, 2009 - PRLog -- Whatever the problem is, we have seen it before and understand it, and can explain the process to you and let you know where you stand and what we can do for you to save your home from foreclosure.
Your bank files for foreclosure in court, the local newspaper will have an advertisement that your house will be auctioned off on a specific date and time. Unfortunately, some people will view this as an opportunity to take advantage of you in a vulnerable situation by making promises to you that sound “too good to be true” and that everything will work out if you let them handle your situation. The time tested advice that still rings true today, is if it sounds too good to be true, then something is wrong.
A commonly used foreclosure scams is a technique called equity skimming.  Here, a person claiming to be a buyer will approach you and will promise to bail you out of your foreclosure crisis by paying off your mortgage and giving you a sum of money when the property is sold.  The "buyer" will probably reccommend that you deed the property to them, move out, and cut off all communications with your bank.
Typically the scam will play out by the buyer renting out your home to a third party and collecting rental payments for a few months.  During this time they will not make any of your mortgage payments and will allow your lender to foreclose on the property.  Signing over your deed to someone else does not relieve you of your obligation on the loan.
If you are reluctant to sell your home to them, they may offer to 'lease it' back to you if you agree to transfer the property to them.  This option may seem appealing since you can still live in your home - but don't fall for this scam, which usually has a bad ending for you.
Another commonplace scam used in foreclosure prevention involves a phony loan deal. You are given official looking documents that appear to be a refinance and loan that will bring your delinquent payments current.  But the documents may be cleverly drawn up to transfer your home to their company for only a fraction of its fair market value.  Or if the loan does not transfer title to them it still may have escape clauses or hidden traps that can spell disaster for you, such as extremely high fees, interest-only payments, immediate rate adjustments, balloon payments, and prepayment penalties.
Beware of 'affinity marketing' techniques offering assistance.  For example Christians helping fellow Christians, Hispanics helping Hispanics or Asians helping Asians.  There has been an increase in con-artists looking to take advantage of people that share a common interest, religious belief, or social group.  Their goal is to gain your trust through a common bond so you will let your guard down.
If you are selling your home yourself to avoid foreclosure, check to see if there are any complaints against the prospective buyer.  You can contact the Attorney General, the Real Estate Board, the Banking Commission, or your local District Attorney's Consumer Fraud Department.
Always have an experienced attorney that you trust review any such transaction before signing anything.  If you are pressured or coerced in any way to enter into an agreement regarding your home, call an attorney or the Office of the Attorney General to report them.
You can contact the Attorney General, the Real Estate Board, the Banking Commission, or your local District Attorney's Consumer Fraud Department.Esquire, was one of only fifteen lawyers recognized in 2005 by Massachusetts Lawyers Weekly as a “rising star” for his achievements in representing clients with difficult legal obstacles to overcome.
Attorney DiBona has extensive experience in representing bankruptcy clients before the Trustees in Massachusetts. Our team of experienced attorneys and support staff have helped hundreds of people in Massachusetts save their homes from foreclosure each year. If you, a family member, or loved one is facing foreclosure, are behind on mortgage payments, or have received demand letters from an attorney, time is of the essence and it is important to act quickly in order to preserve and protect your home from foreclosure.  
It is called a short sale, because under normal circumstances when you sell your home, you pay the bank off in full. With a short sale, at the closing or passing of the papers, you are “short” the amount of money to pay off the bank in full, but if they agree to this, it could benefit you greatly because you will have avoided a foreclosure on your credit rating.

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http://www.massachusettsforeclosurecenter.com

Contact Us:
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Waterfront Lawyers Building      
236 Commercial Street            
Boston, MA 02109
Phone:(617) 720-1101
fax:(617) 720-1104

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Your bank files for foreclosure in court, the local newspaper will have an advertisement that your house will be auctioned off on a specific date and time. Unfortunately, some people will view this as an opportunity to take advantage of you in a vulnerable situation by making promises to you that sound “too good to be true” and that everything will work out if you let them handle your situation. The time tested advice that still rings true today, is if it sounds too good to be true, then something is wrong.