If you are facing foreclosure, beware of scammers!  Generally, you do not need to pay anyone to seek a loan modification for you.  You should be very suspicious if someone knocks on your door telling you that they can save your home.  You can do it yourself, or there are organizations that will do this for free.  Our non-profit partner Consumer Credit Counseling Service (702-364-0344) works with homeowners to help modify their mortgages for free, regardless of income.

Be aware, that scammers monitor the recorder’s website to find out who is facing foreclosure.  Then they approach the homeowner with promises of help.  They make their papers look very official so be skeptical, especially if they ask for money.

Alarms should go off in your head if someone says they can save your home by transferring ownership.  Don’t ever deed your house over to someone.  Don’t ever sign a quitclaim deed.

What Can You Do?

Don't wait.  If the process has progressed too far, it may be too late to stop foreclosure of your home.

1.  Call your lender and ask for assistance.  Most lenders have programs where they work with homeowners to modify loans.  Start early because it may take several weeks to process a request.

2.  Be patient and understanding, because lenders are busy during this financial crisis.  And always remember, that most people at the lender are just doing their jobs but will help you if they can.

3.  If you are having difficulty with your lender, then seek help Consumer Credit Counseling Service  (702-364-0344).