You may know someone that is having a difficult time meeting their mortgage payments.  It can be daunting all the advertising and other media on forbearance and foreclosure counceling.  Don't let this person get caught up in a scam...forward on this bit if information that may help them save their home.

In honor of National Consumer Protection Week, which ends today, the Federal Reserve Board has released five tips for helping consumers avoid foreclosure scams: 

1. Work only with a non-profit HUD-approved counselor.  For a list of certified counselors, visit www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm or call 877-HUD-1515 (877-483-1515).  If the name of the organization you are working with isn't on the list, then switch to one that is. 

2. Don't pay an arm and a leg.  Most housing counselors provide no- or low-cost counseling services.  You should not have to pay hundreds, or thousands, of dollars for assistance.

3. Be wary of "guarantees." No one can ensure you good results. 

4. Know what you are signing. Don't let a counselor pressure you into signing paperwork you haven't had a chance to read thoroughly or that you don't understand. 

5. If it sounds too good to be true, it probably is. If you feel you are a victim of foreclosure fraud, trust your instincts and ask for help. Report suspicious schemes to your state and local consumer protection agencies, which you can find on the Consumer Action Web site.

 There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For information thats about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your mortgage  and real estate questions and I will me more than glad to answer your queries. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

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