The golden rule in getting out of foreclosure is you should never pay for help. That money can and should be used for your mortgage instead. Get free assistance from nonprofit counselors by calling toll-free 1 (888) 995-HOPE (1-888-995-4673) or look online.

There are many scams targeted at people facing foreclosure. In general, you should think of anyone coming to your door with an offer as a scam. You need to be the one to reach out. Only work with HUD-approved agencies or directly with your lender. Call the number listed on the statements, notices and letters they send you.

Always read and understand everything that is written in a document before signing it. Read more about foreclosure scams so that you know how to recognize and avoid them.

 

Scams to watch out for:

• People who call themselves mortgage consultants/mortgage rescuers or offer foreclosure service
• Services that offer to come to you
• Asking for money before providing you a service
• Telling you to transfer the property deed to another person
• Promises that sound too good to be true (“We will save your credit.”)