Foreclosure is real and it is scary. Don’t fall victim to mortgage relief scams. Real help is always free and Making Home Affordable can help!
A home is where important life memories are made, where family and friends can gather, and where you can enjoy a sense of safety and comfort. Your home is something that you work hard to call your own and should never be in fear of losing due to unforeseen circumstances. But it happens. No one thinks it can happen to them, but it does happen. I am talking about foreclosure. It is a nauseating word, but it happens every single day to millions of American families.
Years of work and savings poured into making those 4 brick walls and roof your family refuge could be gone in a matter of seconds. If you or someone you love is facing foreclosure – they are NOT alone. There is help! Unfortunately, foreclosure rescue and mortgage modification scams are a growing problem. Scammers will make promises that they can’t keep, such as guaranteeing to “save” your home or lower your mortgage payments, usually for a fee, and sometimes even claiming that they have direct contact with your mortgage company.
June is National Home Ownership Month, but many Americans are still struggling to make their mortgage payments. About 1 in 17 homeowners nationwide have fallen behind on their mortgage payments, putting them at a higher risk of foreclosure.
We NEED to spread the word to homeowners that real help is always free.
Making Home Affordable is a free government resource that can make paying the mortgage easier for homeowners who are struggling with their mortgage payments. With free help from HUD-approved housing experts, homeowners can avoid being scammed by those demanding payment for assistance. When it comes to upfront fees, MHA tells homeowners, “Don’t Pay, Walk Away.”Having trouble making your mortgage payments? Follow these steps to get help through @MHA4You:… Click To Tweet
These scams could cost homeowners thousands of dollars – or even their homes. Don’t let this happen to someone you know!
- Through the federal Making Home Affordable program, many homeowners have received much-needed help to reduce their monthly payments, get mortgage relief, and avoid foreclosure.
- Telephone scammers often request payment by wire transfer services similar to MoneyGram, or completion of paperwork containing your Social Security Number. Do not make any mortgage payments by wire transfer, or provide any personal information, in response to these calls. If you receive unsolicited calls, always check with your mortgage company using the phone number on your mortgage statement, or call 888-995-HOPE™ (4673) to check its legitimacy.
- Beware of telephone calls urging you to take advantage of the Making Home Affordable Program. Beware of anyone seeking to charge you in advance for mortgage modification services. In most cases, charging fees in advance of a mortgage modification is illegal.
- Paying a third party to assist with your application may not improve your likelihood of receiving a mortgage modification. Beware of individuals or companies that ask you for payment, tout their success rate, or claim to be Making Home Affordable (MHA) or Home Affordable Modification (HAMP) experts.
The Making Home Affordable (MHA) housing counseling experts at 888-995-HOPE™ (4673) are available around-the-clock (24 hours a day, 7 days a week), in over 170 languages, and at no cost. They will help homeowners understand their options and design a plan to suit their individual situation.
Visit MakingHomeAffordable.gov to read about available programs to help with mortgage payments. If you or someone you know is struggling, there is help.