How to Avoid Foreclosure Scams?

BOSTON - March 24, 2013 - PRLog -- There may be unexpected events that can negatively change the course of your life. Framingham in USA is a peaceful city where real estate business has been in full bloom for last 15 years. City government and the lawyers observed many people losing their property for being unable to pay off their debts and losing mortgages. While there are certain ways to avoid Massachusetts foreclosure in Framingham, with the help of expert lawyers, some agencies may also come up with scams to deceive you and finally possessing your property. It is very important to save your property with the help of registered law firms. However, it is also vital to protect your property from greedy scammers who may financially ruin you forever by their mischief. A Framingham lawyer will evaluate your specific case based on your current financial condition and mortgage status. To keep your house, you have to use either Chapter 13 bankruptcy solutions or accept loan modification process. You may also engage yourself in forbearance agreement to get some time to start repaying regular monthly payments and fixing certain sources of income.

Foreclosure Solutions

Framingham Foreclosure can also help you sell or surrender your house. In traditional sale, you may seek some time to list your home on the market for sale through a real estate broker. In this case, cost of your home must be more than the debt amount you owe to the bank. You may even go for a short sale in which the bank allows you to sell your house at a price lesser than the amount you owe to your bank. If none of these options works out, you may want to stop mortgage payments and surrender your house to the bank and file a Chapter 7 bankruptcy.

Beware of Scammers

Never indulge yourself in the trap of the scammers who offer you proposals which are too good to be true. These scammers will do everything to steal your money in such a way that you may understand all at the end. Never put your sign on anything unless any expert and trustworthy Framingham foreclosure lawyer reviews and gives you consent. Foreclosure scammers may let you fall in trap through equity skimming, bait and switch loans, and phony expertise. Anything 'too good to be true' offer must be reviewed well so that you can save your property from both the creditors and these scammers.

Note the points given below to save your property:

·         Never go into any verbal agreement.

·         Check if the person is more interested in making money from you than helping you.

·         Never pay any sum to unauthorized people.

·         You must not transfer or deed any interest in your property to anybody.

·         Do not sign on any blank paper.

·         Hire interpreter in case you require.

·         Do not agree in paying a new loan that, you think, might be troublesome for you.

Hope these information and guideline help you follow the best legal way to avoid foreclosure and safely escape from the scammers.

236 Commercial Street,
Boston, MA 02109
Phone:617-720-1101

http://www.massachusettsforeclosurecenter.com