In my previous blog post “How to avoid short sale scammers Part1”, I explained the different methods used by short sale fraud agencies and agents. I have a rich experience of working with people as Temecula short sale agent. Short sale scams are on the rise and every house owner should be aware of the methods used by these fraudulent entities. With general awareness and presence of mind, it is possible to identify these scammers before they hit you in the first place. I am going to discuss some important tips that will help you in avoiding these scams far before getting into any real trouble.
•Deposit payments only to lender: One of the basic practices for house owners is to pay their monthly mortgage payments directly to the lender. Never handle your payments to third party and no legitimate counselor will ask you to do so.
•Avoid upfront fees: In every legitimate foreclosure program, you would be asked to pay fees at some stage of time. But they are not going to ask for upfront fees without offering any upfront services to the borrower. It is important that the company should provide some output before
•Read every document carefully: Most of the house owners rush into signing agreement documents and other legal papers. It is advised to read every single piece of paper and document prior to signing. If you are not confident in your legal understanding then it is best to take help from a lawyer.
•Maintain regular contact with your lender: Lenders can help you in numerous ways and it is advised to keep your lender in loop before taking any such actions. Participation of your lender is equally important in the process.
•Get help from attorney in every deed related activities: As a short sale expert in Temecula, I would advise to bring an attorney on-board before any type of deed-related activities. They will make sure that everything is done by the book and it will help in reducing risk involved in the process.
•Report any suspicious activity: If you are targeted by a scam artist, contact any local or national consumer protection agency and report the event as soon as possible.
Every scam artist will try to sound friendly and trustworthy, but they are only going to make the situation worse. Anything that sound too good to be real, follow these measures and contact relevant authorities. There are many short sale experts in Temecula and all you need to do is to search for a reliable agent for your house.