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Beware of Scams
Don't Become a Victim

Don't lose your home to foreclosure recovery scams!

If any firm claims it can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and become a renter in your home! Never sign a legal document without reading and understanding all the items and getting professional advice from an attorney, a trusted real estate professional, or a HUD-approved housing counselor.

Avoiding Foreclosure and Loan Modification Scams [pdf file]

Source: Office of the Arizona Attorney General http://www.azag.gov/consumer/foreclosure

Red Flags

If you're looking for foreclosure prevention help, avoid any business that:

• guarantees to stop the foreclosure process -- no matter what your circumstances
• instructs you not to contact your lender, lawyer, or credit or housing counselor
• collects a fee before providing you with any services
• accepts payment only by cashier's check or wire transfer
• encourages you to lease your home so you can buy it back over time
• tells you to make your mortgage payments directly to it, rather than your lender
• tells you to transfer your property deed or title to it
• offers to buy your house for cash at a fixed price that is not set by the housing market at the time of sale
• offers to fill out paperwork for you
• pressures you to sign paperwork you haven't had a chance to read thoroughly or that you don't understand