Be careful. Please.
Consumers should be EXTREMELY WARY of for-profit companies that promise to help you avoid foreclosure — only to take your up-front money and accomplish nothing.
These companies advertise heavily, so be especially on guard when you hear their pitches.
AJC reporter Carrie Teegardin wrote a sad story in Sunday’s paper about companies that target desperate homeowners trying to hang on to their houses. These companies prey on consumers searching for any good news, hitting them up for thousands of dollars in up-front fees that would be better spent on paying the mortgage.
“It’s one of the most despicable crimes you can commit,” R. Scott Palmer, chief of Florida attorney general’s mortgage fraud task force, told Teegardin. “It’s taking the last penny a consumer has, and on top of that they lose their house and their credit.”
Instead, consumers should go to nonprofit agencies, which do not charge, such as Consumer Credit Counseling Service of Greater Atlanta.