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from: Beware of Home Foreclosure ScammersWhen you are facing home foreclosure, it feels like you’re on a sinking ship. You are looking for any way to save your home and your credit. You must always be mindful that there are home foreclosure scammers just laying in wait to take advantage of your misfortune. You might ask: How can I tell a home foreclosure scammer from a legitimate buyer?
Home foreclosure scammers work in different ways. One scam is a person may approach you and tell you that he/she is associated with some religious organization, trying to gain your trust on the introduction alone. This scammer will ask you to sign over your home. Don’t ever sign your home over to anyone, because your home will no longer be your home and the scammer will find a legal way to evict you.
Never sign your home to anyone before you get paid for it. Don’t ever accept a promise to pay, make sure you have the money before you sign your home over to anyone. Home foreclosure scammers come in all shapes and sizes, male and female. He/she may appear to be sympathetic to your dilemma and offer help. The scammer asks you to sign over the house and you agree to move out. The plan as you know it is that the home will be sold and you will walk away with your debt paid, and your dignity and credit intact; but instead you lost your home and you still own the debt.
Beware of counseling agencies that charge a fee to lower your house payment. Often these agencies do very little to help your situation. They take your money and do basically nothing. Before you spend money on a counselor, that may be nothing more than a home foreclosure scammer, contact a counseling agency through HUD. You can call them toll free at 1-800-569-4287.
Beware of anyone that offers to rescue you from foreclosure. The person will ask you to put his/her name onto your deed, so they can give you a loan and put a lien on your property. The plan is that you will pay off the rescue loan and have your property back in your name only when the debt is paid. This is how many people end up with their homes foreclosed on anyway, because the interest on the loan is so high, you may be paying payments higher than the original mortgage loan you were paying. If you default on this loan the home foreclosure scammer can then get a court order to have you evicted from your property.
To avoid being taken advantage of by a home foreclosure scammer, be sure to only deal with reputable companies that have been in business a long time. Beware of anyone that approaches you unsolicited; this should be a red flag that this may be a home foreclosure scammer.
Colorado Home Foreclosure Rate News
US foreclosure rate dropped to five-year low in April - Denver Post
US foreclosure rate dropped to five-year low in April Denver Post Foreclosure filings in Colorado fell 15.3 percent in April from the same month a year ago, RealyTrac reported. Colorado ranked 11th among states for its foreclosure filing rate of 1 in 597 homes in April. The "gradually rising foreclosure tide" ... |
Eagle second worst county for Colorado foreclosure sales in first quarter of 2012 - Real Aspen
 Real Aspen | Eagle second worst county for Colorado foreclosure sales in first quarter of 2012 Real Aspen Only tiny San Juan County in southwestern Colorado had a higher percentage of homes sold in foreclosure auctions in the first quarter of 2012, according to a recent report issued by the Colorado Division of Housing (pdf). “Several mountain counties are ... |
Obama Heads to Nevada, Swing State Where Latino Voters Are Key - Fox News
 AFP | Obama Heads to Nevada, Swing State Where Latino Voters Are Key Fox News Obama was to promote housing policies to help homeowners avoid foreclosure in a quick visit Friday to struggling Nevada, which ranks second in the nation in foreclosed homes and has the highest unemployment in the country. Obama won in Nevada in his ... Obama heads to struggling Nev. after fundraising Nevada, Ohio among top 10 'Underwater' states, Obama talks 'To Do List' |
Colorado Progressive Coalition uses protest, PR to prevent foreclosure - Westword (blog)
 Westword (blog) | Colorado Progressive Coalition uses protest, PR to prevent foreclosure Westword (blog) By Kelsey Whipple Fri., May 11 2012 at 3:25 PM If a house falls into foreclosure and nobody is around to hear about it, does it make a difference? What about if an entire coalition is around? This week, volunteers at the Colorado Progressive Coalition ... |
In good news for Obama, housing markets improve in key states - Reuters
In good news for Obama, housing markets improve in key states Reuters In addition to Florida, the other states were: Arizona, Colorado, Iowa, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania and Virginia. The recovery in home prices in battleground states is good news for the Democratic president as he stays ... |
Ladov and Philip: Halting foreclosure is good investment - Arizona Republic
Ladov and Philip: Halting foreclosure is good investment Arizona Republic The final state budget sweeps $50 million from the foreclosure settlement into the state's general fund. This is despite the fact that Arizona posted the highest foreclosure rate in the nation in March, with an astonishing one out of every 300 housing ... |
Congress votes to reauthorize Export-Import Bank - KFVS
Congress votes to reauthorize Export-Import Bank KFVS 'Octomom' Nadya Suleman has failed to file the proper paperwork in her bankruptcy case, opening the door to creditors to collect debts and allowing a foreclosure to go ahead against the house she lives in. A judge threw out "Octomom" Nadya Suleman's ... |
Foreclosure auction sales down 25 percent in 2012 - Examiner.com
Foreclosure auction sales down 25 percent in 2012 Examiner.com New foreclosure auction sales were down 25 percent in Colorado during the first quarter of 2012, compared to the first quarter of 2011. Following three quarters of declines, auction sales rose slightly during the first quarter of this year, ... |