Foreclosure rescue fraud is not something you should be paying money into if you are behind on your mortgage, and receive a foreclosure complaint in the mail. I understand. You are panicking and scared. You do not know where to turn. The mortgage is six months behind. The postman just delivered a huge packet of papers. It is a foreclosure lawsuit. On television the guy says just pay me a few thousand dollars and I can stop the foreclosure and save your home. Sounds great, and you just have enough money to pay him.
You are many thousands of dollars behind on your mortgage, and this man promises to make it all go away for just a portion of the money you owe. What did mom tell you about something that sounds too good to be true? Many clients come in my office desperate to save their home with a notice from the Lorain County Sheriff that their home is scheduled for sale. They do not understand. They hired a company months before the promised to keep the home out of a foreclosure and to modify the mortgage loan. The client even sent thousands of dollars for the service. It is terrifying because the company no longer answers the phone. How can this be?
The good news is that the Ohio Attorney General is now on your side. Recently, he filed suit against a foreclosure rescue company. Of all things the suit is based on the fact that The Modification Group, LLC charged homeowners for loan modifications that consumers never received, or if a modification was negotiated its terms were unaffordable. Imagine that. If you did business with the Loan Modification Group, and wish to file a complaint you can contact the Ohio Attorney General at 800-282-0515.
The fact of the matter is unless you are dealing with an Ohio attorney for your foreclosure or loan modification you have no recourse in the event you are scammed. In Ohio, every attorney must carry malpractice insurance. If you pay him and he does not follow through as he promises, or you believe that he has stolen your money you can make a claim to the Ohio Supreme Court for compensation under the client security fund. If you send your money to a foreclosure rescue fraud talking head you have no protection. The chance of ever seeing your money again is doubtful, even if the Ohio Attorney General steps in.
Your best bet, if you are facing foreclosure, is to file chapter 13 bankruptcy. With an experienced bankruptcy attorney in Lorain County you can address the amount you are behind on the mortgage and handle the rest of you bills and loans at the same time. The fees are much less than what the foreclosure rescue fraud charges, and you actually get something for the money. On top of that, when you are in a chapter 13 your chances of mortgage loan modification are greatly enhanced.
Assured peace of mind. You can’t buy it. Don’t try. Scammed and in foreclosure? Leave a comment.