Foreclosure Rescue Scams Are Out There
Solutions that sound too simple or too good to be true usually are. Beware of Foreclosure Rescue Scams. If you're selling your home without professional guidance, beware of buyers who try to rush you through the process. Unfortunately, there are people who may try to take advantage of your financial difficulty.
Precautions You Can Take To Avoid Being Scammed:
Don't sign any papers you don't fully understand.
Make sure you get all the "promises" in writing.
Signing over the deed to someone else doesn’t necessarily relieve you of your loan obligation. If your name is still included on the loan documents, you’re still liable for repaying the loan.
Check with your lawyer or your home loan company before entering into any deal involving your home. Check to see if there are any complaints against the prospective buyer if you’re selling your house. In addition to contacting DFI, you can contact the Washington State’s Attorney General’s Office or the State Real Estate Commission for this type of information.
Don't Move Out Or Abandon Your Home. There are programs that can help you pay your home loan and keep your home, some of which are outlined above, but you may not qualify if you leave your home.