Foreclosure Prevention Resources

Some offers for help are as worthless as a wooden nickle. BEWARE

To supplement our series for Distressed Homeowners, I found some resources to help preserve home ownership, avoid foreclosure, and protect against foreclosure and debt elimination scams.

Before you work with a firm that claims it can help you “rescue” you from foreclosure be sure to familiarize yourself with:

• Foreclosure “rescue” and refinance fraud
• Fake “government” modification program
• Leaseback/rent-to-buy schemes
• Bankruptcy scams
• Debt-elimination schemes

FYI, these resources are courtesy of The Office of the Comptroller of the Currency (OCC), which charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks.

These resources are a good starting point, but cannot begin to cover all situations and circumstances. Call a qualified counselor to understand the options that are best suited to your case.