From the Washington Post Writers Group, Kenneth R. Harney (04/12/2008):
The government and the lending industry are taking aim at “walk-away” home owners who stop making payments and months later send the house keys back to their lender. ...More
If you're a homeowner contemplating handing the keys back to your lender and simply walking away, it is extremely important for you to understand the consequences. Every homeowner has unique circumstances. And, while I know this is a time that you're more apt to ignore what is happening, it's far better for you understand your options. Seek out free consultations with qualified professionals. If they can help you, you may be asked to pay a fee for their services, but spending a few hundred dollars for expert help can save you thousands in the long run and may help preserve your credit.
Do not fall for offers from so-called foreclosure consultants that guarantee results. No one can guarantee results. And, never pay upfront for services. Under the Foreclosure Consultant law, no one can charge for services that have yet to be rendered. For more information on the Foreclosure Consultant law, click here.
If you don't know your options, contact me. I provide free consultations. If I can help you, I will. If not, I will refer you to the appropriate professionals.
1 comment:
Good post. Professional REALTORS know better than to charge upfront for bogus services that have no chance of success.
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