Where Are the Honest Foreclosure Prevention Companies?
What is going on in today’s society? Is it not enough that we are seeing the American Dream slip through the hands of our fellow Americans? Every day we are reading and watching the news talking about real estate fraud, Foreclosure scams and people claiming to be professionals who are virtually stealing the homes from unsuspecting homeowners in pre-Foreclosure and Foreclosure situations.
Being in Foreclosure is a very crucial time. Homeowners must do their research on a Foreclosure prevention company or professional. Please, if someone has contacted you and promised to stop your Foreclosure, look them up with the Better Business Bureau. Also find out what Foreclosure prevention options they offer. There are still legitimate companies who work on behalf of the homeowner. Freedom Foreclosure Prevention Services is one of them. They will work with the lender directly and negotiate a program to get the homeowners back on track with their lender, based on your financial situation.
Loss Mitigation is a legitimate service and although you can attempt to negotiate with your lender directly, prepare yourself to be fooled. Lenders are not informing homeowners of all the options to stop their Foreclosure because they are only interested in what will most benefit the lender.
A real Loss Mitigation Company who has been in the Foreclosure prevention industry for several years will know all the ins and outs of most lenders. They also negotiate with these same lenders on a daily basis. Have you negotiated to save your home from Foreclosure before? Have you been doing it every day for years? Would you rather trust a loss mitigation professional, or yourself, when you stand to lose your home if your negotiations do not succeed?
Make sure the company you select has a clean track record. Make sure they offer a decent guarantee of their services. If they do not offer a guarantee, they most likely lack experience - the most important ingredient of the process. Another reason some of these companies do not offer a guarantee is because they are using Loss Mitigation as a tool to get you in the door, eat up what precious time you do have left, then wait until the last minute to make you an offer to buy your home as an alternative. If Loss Mitigation is not an option due to your particular situation, an honest company will tell you this immediately, instead of waiting 3-4 weeks and then drop the bad news on you.
Again, if you want to help yourself, check with the BBB. Do your research on the Internet and use your common sense. You have the ability to make an intelligent decision based on the tools available to you. Be your best friend and your familily’s. If you attempt to negotiate with your lender directly, would you want to be the cause of losing your home - your most valuable asset? Do your homework before agreeing to any type of plan to stop your Foreclosure!
To learn more about Freedom Foreclosure Prevention Services, contact one of their consultants at Creative Freedom Foreclosure.
This article was adapted from the original posted on the Creative Freedom Forelosure blog.
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