Beware of companies who claim to prevent foreclosure on your home as many of these companies are not legitimate. Before you pay any up front fees or sign any documents I would recommend that you first contact your mortgage servicing company and or lender. Many mortgage serving companies are willing to work with you to save your home. It is very important that you stay in communication with your lender when you are having trouble making your mortgage payments so they may offer you options for a possible work out plan or loan modification.
There are companies out there who prey on homeowners who are facing hard times and feel as if they are stuck between a rock and a hard place and have nowhere to turn. These companies will ask you to pay them up from fees and get you to sign an agreement for them to work on a loan modification for you. Many of these companies are showing up as scams and taking peoples money and loosing their homes. Many homeowners are willing to listen to these people as they seem to listen and care for your needs.
Today I received a call from a homeowner who was under the impression that National Financial Solutions, LLC was working for him to get a loan modification on his home. This evening a man came to his door to advise him that he had just purchased his home at the court house steps this morning at the Foreclosure Sale. Of course this homeowner had believed that this company was working to save his home and was caught of guard as he is no longer the home owner. He has lost his home to Foreclosure while he awaited a loan modification on his home. He had not spoken to his lender in months while working with this other company who claimed they would save his home.
I have never heard of this company so I did a Google search and was amazed at the information that was found on this company. They were listed on the www.RipOffReport.com and www.Scam.com along with other sites. Seems as if some employees have also posted complaints with the company as well. Some times options for a work out program or loan modification plans many not work. Don't just walk away from your home as there There are other options to Foreclosure. There are some legit companies out there who will work with you and your mortgage servicer and or lender. I have done work for one of these companies since 2007 that has actually helped homeowners to save their homes. The primary role of this company is to get the homeowner back in communication with the mortgage servicer or lender and see what options are available to help you stay in your home.
*** Note: The home above is not the home mentioned in this story. It is actually a home I saved from foreclosure last year. I listed this home as a Short Sale and was able to stop a Foreclosure and get this home sold. You may read the story about this home in The Short Sale Savior, by Elizabeth Weintraub