Consumer Blog
Facing foreclosure? Watch for scams
KC Star article today talks about the increase in these foreclosure rescue schemes. We blogged a couple of weeks ago on these outfits that offer to buy your house, then pull a fast one on you.
Again, the advice is to talk to your lender before you do anything like this. #1, they want to work with you, rather than lose your loan. #2, if you decide to use a mortgage rescue business, your lender will help you determine if you're about to get scammed.
Technorati Tags: foreclosure rescue, foreclosure scams, moagoconsumer, consumer protection
Posted by on August 27, 2007 11:08 am :: Comments (2) :: Permalink
2 Responses to "Facing foreclosure? Watch for scams"
says:
August 27, 2007 5:29 pm
I received an "Intent to foreclose" notice on my home, and a victim of predatory lending thru AMC, in addition I was notified by the Attorney General - and my restitution amount in only $300.00.My question:
I read about After foreclosure proceedings began in February, on Ms. Milca, she was referred by her state bank commissioner’s office to a state-funded agency that fights unscrupulous mortgage lenders and brokers.
Through the agency, the Fanfans negotiated a rate of 9.5 percent and the right to refinance in two years. The monthly battle to make payments isn’t over, but Milca is working several jobs to make sure it is won.
I have research for agencies in MO and cannot find help. If the state of Missouri has an agency that can help me please provide their phone#, address, and the person to contact. I am in desperate need of help.
Sincerely ,
Ava
says:
August 31, 2007 11:09 am
To Ava:
The Missouri Division of Finance is the state agency that regulates lenders and accepts complaints against them.
573-751-3242 or www.missouri-finance.org
