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Avoid Foreclosure and Keep Your House Rent Free Forever
By Author1 | November 10, 2009
“Saving a home from foreclosure requires fast and informed action but the solution doesn’t have to be costly,” announced Federal Reserve Governor Elizabeth A Duke. “It should not hurt to get help.” There are several foreclosure guides available online which assist the homeowner in understanding their options to avoid foreclosure.
Many solicitors of foreclosure schemes reach out to potential victims by a variety of means using the web, the telephone, and direct mailings. Some solicitors go door-to-door or approach homeowners at events related to home preservation. The info the Fed Reserve is providing, which is part of its “5 Tips” series, is designed to give purchasers the basic info they have to recognize and stop foreclosure avoidance scams. Shoppers are counseled to check the credentials of counselors and to avoid working with someone that collects a fee before providing any services or accepts payment only by assistant’s check or wire transfer. Shoppers should not pay for a service without knowing precisely what they are purchasing.
Avoiding foreclosure cannot be guaranteed–regardless of the circumstances. Working with a valid counselor can increase the probabilities of keeping a home, but clients should be cautious of folks that tell them it is a dead cert. Details of the transaction, together with any guarantees, should be supplied up front and in writing.
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