CHICAGO, IL -- (Marketwire) -- 05/09/12 -- In 2011 alone, about $3 billion in losses were recorded. For homeowners, the housing market is only getting tougher and for the thousands of homeowners who are already underwater, scammers are in full force to take advantage of them.
Struggling homeowners across the nation are in desperate need of relief and falling for false promises to relieve their financial burdens. Scammers promise to negotiate with your lenders to save your home from foreclosure and some even go as far as to claim they are affiliated with a government program. In each case, scammer's guarantee a saved home but walk away with your money and worse, leaving homeowners in a worse financial situation.
The attorneys at The Mortgage Law Group want their clients to know the entire process that goes along with foreclosure defense. The first step to saving our home is knowledge.
A few things the attorneys at The Mortgage Law Group want clients to know to avoid being scammed are:
1. Companies are required to disclose their affiliation or lack of affiliation with the government in their advertisements.
2. Scammers often times tell you to stop contacting your lender and paying your mortgage; however, companies are required to inform you that your lender may not agree to the modification and failing to pay your mortgage could lead to losing your home or even hurt your credit. As a consumer, remember that it is your right to refuse the offer without being charged.
If you are going to hire an attorney to deal with any case, do your research. Be sure to verify their credentials with your state's relevant Attorney Disciplinary Board. In addition, make sure your attorney is complying with state laws.
The Mortgage Law Group doesn't want anyone to lose their home, much less be taken advantage of. Don't let being desperate make you a victim to scammers.
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About The Mortgage Law Group:
The Mortgage Law Group is one of the most sophisticated consumer protection law firms nationwide. They've helped thousands of consumers save their homes and restore their lives. With offices located throughout the country, the firm's goal is to deliver outstanding service from highly qualified mortgage relief attorneys.