Monday, May 4, 2009

The Monthly Bulletin - May 2009

Presented by:
Shelby A. ChapinBroker/Owner210-858-6713
E-mail: Schapin12@texascountrymtg.com


Helpful Tips to Protect You from Mortgage Modification and Foreclosure Avoidance Scams

Scams that promise to “rescue” you from foreclosure are popping up at an alarming rate nationwide, and you need to protect yourself and your home.
If you’re falling behind on your mortgage, others may know it, too — including con artists and scam artists. They know that people in these situations are vulnerable and often desperate. Potential victims are easy to find: mortgage lenders publish notices before foreclosing on homes. Private firms frequently compile and sell lists of these foreclosed properties and distressed borrowers.

Always proceed with caution when dealing with anyone offering to help you modify your mortgage or avoid foreclosure. Remember that you do not need a third party to work with your lender. Here are some tips to help you avoid being scammed:

*Contact your lender or mortgage servicer first.
*Make all mortgage payments directly to your lender.
*Avoid paying significant, up-front fees.
*Don’t sign anything you don’t fully understand.
*Do not sign over your deed without first consulting a lawyer of your choice.
*Get promises in writing.

“A pessimist is one who makes difficulties of his opportunities and an optimist is one who makes opportunities of his difficulties.”– Harry S. Truman, 33rd US president / Born: May 8, 1884“Half the lies they tell about me aren’t true.”– Yogi Berra, baseball player/manager / Born: May 12, 1925“As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.”– John F. Kennedy, 35th US president / Born: May 29, 1917
Your endorsement is the greatest compliment you can give.
Providing a valuable and trusted mortgage service is top priority. If you feel you’ve received a high level of service, it would be greatly appreciated if you share your experience with friends, co-workers, relatives or anyone else who may need a mortgage.
Furthermore, if you ever have any mortgage questions, always feel free to call.
Thank you. Your business is appreciated.

This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. MB #71165 - This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

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