More Foreclosure Tips

Here are some more foreclosure tips that I saw in the Sun Sentinel. Please read their story below.

What to do if you're put on notice?

If a lender puts you on notice -
Homeowners have many options after a lender has filed a foreclosure notice. Foreclosure specialists advise:

*Don't ignore mail from your lender; stay in touch even after a foreclosure notice has been filed. Most lenders would rather work out options than foreclose on a home.

*Beware of foreclosure companies calling themselves "mortgage consultants" or "foreclosure services" promising to save your credit or pay the closing costs. Be wary of deals that take over ownership of your home.If you turn to a foreclosure rescue firm, be aware such companies do not need a state license to operate in Florida unless the business is selling or buying properties.

*Never transfer your property deed or title to a rescue firm. Never sign a contract under pressure and without legal advice. Do not pay your mortgage payments to someone other than your lender.

For more information
Contact the Department of Housing and Urban Development to request an approved housing counseling agency: 800-569-4287 or hud.gov.

For legal help, contact the National Association of Consumer Advocates at 202-452-1989 or go to naca.net; the Florida Bar floridabar.org.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com