Telltale Signs of Scam Artists
In today’s real estate environment, you have to be careful about who you trust. These ten steps will ensure you are not scammed by someone trying to ‘help’ you.
1. If it sounds too good to be true, it probably is. If the person contacting you tells you they can solve all of your problems quickly and easily, they’re lying. You got into the position you’re in over a period of many months. While it can happen quickly, it never happens painlessly.
2. If they pressure you to take action quickly and insist that you can’t take a day or two to think about things or talk to your friends, neighbors, or a lawyer.
3. If they charge a large fee before they do any work on your meet with you.
4. If they want you to sign over your house to them and have them rent it back to you.
5. If they won’t put your contract in writing or give you so many papers to sign that you can’t keep track of what they all are.
6. If they won’t give you time to read paperwork thoroughly, take it to your lawyer, or calmly and patiently answer any questions to your satisfaction.
7. If they tell you that you have to move out of your home for the plan to work.
8. If they want you to make mortgage payments to anyone other than your mortgage company.
9. If they contacted you through the mail or by phone without you asking them to.
10. If they tell you to stop talking to your lender, housing counselors, or lawyers.
You may also want to check out our article 4 Ways to Ensure You’re Scammed to get even more tips.
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If you’re planning to work with your lender…whether you’re trying to save your home or sell it, you’re going to have to write a hardship letter. Use our free sample hardship letter to give you a jump start.
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