Avoid Mortgage Modification Scams

When you are struggling financially, any offer of assistance may sound very attractive. Unfortunately, many unscrupulous people have taken advantage of the housing crisis to defraud unsuspecting victims, sometimes for thousands of dollars or even more. Before you give any of your money to a supposed mortgage consultant or credit counselor, you need to make sure they are offering legitimate services.

One way to protect yourself from fraud, foreclosure, and other potential disasters is to discuss your rights with a qualified attorney. The Maryland mortgage modification lawyers at Chaifetz & Coyle, P.C. can provide the reliable assistance you need as you work your way out debt. Call us today at 443-546-4608.

Protecting Yourself from Fraud

A few basic tips that can help you avoid falling victim to a fraudulent mortgage modification company include:

• Be wary of anyone who asks for payments up-front. Legitimate mortgage assistance companies will generally provide some kind of service for you before asking for a fee. The demand for payment before providing any service is often a “red flag” for scams.
• Never sign any contract before your attorney reads it. Experienced defrauders know how to write a contract that appears fair at first, but will actually work against you in the long run. An experienced and trustworthy attorney should approve of all the paperwork before you make any financial commitments.
• Do not trust anyone who makes unrealistic promises. Bear in mind the old saying, “If it sounds too good to be true, it probably is.” Anyone who “promises” or “guarantees” that you will keep your home is probably not trustworthy, as this is not a promise that anyone can reliably make.

Caution and common sense are important tools for protecting yourself from fraud. If you have any additional questions about your rights or financial options, an experienced Maryland mortgage modification attorney can provide the valuable information you need.

Contact Us

The Maryland mortgage modification attorneys of Chaifetz & Coyle, P.C. are committed to providing efficient and helpful legal services for people struggling with debt. Contact our offices today at 443-546-4608 to find out what we can do for you.