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Door to door foreclosure scam defense in Ohio

I saw this article in the Columbus dispatch about a new Ohio initiative to prevent foreclosure scams.  The idea of going door to door has often been associated with pushy sales people.  In the old days scam artists often made door to door presentations.  So it is interesting that this program involves sending volunteers door to door to educate and assist folks in trouble.  I think if this can be done across the board it could really create in impact on folks and help make them alert to the vulnerable situation they are in and remind them to keep their wits.

According to NeighborWorks America,  a national nonprofit organization created by Congress to provide financial support, technical assistance, and training for community-based revitalization efforts, the following signs are red flags for a scam:

Are you in a mortgage crisis. Take a couple of breaths before making any irreversible decisions like writing a check to a stranger. If you have specific questions about loan modifications or short sales feel free to give us a call. 216-324-6637

  1. Asks for a fee in advance to work with your mortgage lender to modify, refinance or reinstate your loan.
  2. Guarantees that foreclosure can be stopped.
  3. Tells you to stop paying your mortgage lender and pay them instead.
  4. Pressures you to sign a confusing document or one you haven’t had a chance to read.
  5. Claims to be backed by the government or approved by a government agency. Check with your lender to see whether you qualify for a government program.
  6. Asks you to release personal information online or over the phone. Don’t give that information to anyone you don’t know or trust.

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Andy Morris is an Ohio real estate broker with an expertise in selling homes on a short sale. If your Ohio home is heading towards foreclosure or you owe more than your property is worth, please call Andy at 888-4-STOP-IT to see if you qualify for a short sale with your lender.  Are you not in my area?  His foreclosure answer service is free to you as well!

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