As many of you know I help people in the Rancho Cucamonga, Fontana, Rialto area all of the time who are behind in the mortgage, facing foreclosure and need help. Many times when I meet with Sellers they tell me of loan modification companies and Consultants who have contacted them saying they can help them, but instead charge upfront fees, take their hard earned money and then either disappear or become a nightmare to deal with.
I just came across this video that gives helpful advice about what you should and should not do if you see yourself starting to fall behind in your mortgage payments. It also warns of what you need to look for when approached by people who may be scammers. If you, or anyone you know of, needs help please help them get the real facts about what options are available to them. Have them visit www.hopenow.com, www.naca.com or www.makinghomeaffordable.gov .
Buying an REO property offers definite benefits to homebuyers; especially first time homebuyers that want to get into the market. Once you decide that a bank-owned property is the right option for you, I recommend that you review some of these ground rules.
So if you’re working with an Agent that won your confidence by boasting about how they haunt the REO Agent until they get an answer, you might want to rethink using that Agent, because it can negatively work against you achieving your goals.
