Colorado Consumer Bankruptcy Association member Keith Gantenbein has posted a useful article about the risks involved in hiring unscrupulous foreclosure rescue or loan modification companies. He writes:
We've always had and continue to get calls from homeowners who are stunned they found a foreclosure notice posted somewhere on their home. Often, the notice was posted in an obsolete area – a side door or an obvious seldom-used area. Consequently, the homeowner finds the notice after a hearing has been held and an eviction notice filed.
These homeowners are shocked when they realize they’re IN foreclosure or have been foreclosed on. Too many times the homeowners say they were working with or paying a company to stop any foreclosure from happening. Some were caught in a whirlwind with lenders selling off their loans so fast, the paperwork never caught up and mortgage payments weren't credited. Then we have the homeowners who say they were in the middle of a modification and the lender sold the loan before the modification was completed.
Keith goes on to write about ways to identify scammers, the laws relating to mortgage relief, and gives suggestions how to find effective assistance to help you save your home from foreclosure. Read the full article here.
If you need help resolving debt, filing bankruptcy, or avoiding foreclosure, find a member attorney of the Colorado Consumer Bankruptcy Association near you.
Keith A. Gantenbein, Jr. is a licensed, Colorado foreclosure defense attorney and real estate attorney located in Denver and servicing all of Colorado. His foreclosure defense practice includes foreclosure prevention, judicial foreclosure, HOA foreclosures, foreclosure assistance, loan modifications, short sales, and all other foreclosure defense legal assistance. He also defends homeowners against HOA claims in HOA lawsuits, handles real estate closings, title issues, lien issues, quiet title, real estate contracts, bankruptcies, mortgage negotiations, lender liability, real estate, civil litigation, contracts and landlord/tenant.