Just Sign On The Dotted Line
I remember a mortgage scam I heard about early last year and have since forgotten about until recently when I heard that it’s bigger than ever. Let’s say you lose your job and fall behind on the mortgage payments. You get a phone call or a knock at the door and it’s a company willing to help you save your home from foreclosure. Worse is the fact that some of these scammers pray on peoples religion by saying their a Christian Organization that just wants to help. (Of course they do. I think help take your money is what they meant to say.)
This “company” says that they can take over the payments until your back on your feet and able to help yourself. All you have to do is sign away your home to them, but don’t worry it’s just a temporary thing. You will get your home back and they will have helped and everything will be A-OK.
Truth of the matter is you are signing your home over to them. Your giving someone your house. It belongs to them now. They don’t have to pay the mortgage or they can pay it and sell it. They can do whatever they want because you gave it to them, mistakenly thinking that you can trust them. Beware.
Read this article, this is what reminded me of the scam I had already forgotten about. I am big with watching scams because I’m very stubborn and don’t tend to believe people easily. It’s sad to say, but there are just too many untrustworthy people who want to take your hard earned money for nothing on their part.