In the state of Hawaii where historically foreclosures have
been lower than most other states Hawaii is showing an increase, state records
show a jump of 21% during the first quarter of 2016 compared to the same
quarter last year.
I would like to take a few minutes to express to any home
owner in any state that is facing foreclosure or behind on their mortgage
payments to be very cautious when being contacted by mortgage relief companies/scammers
using deceptive practices to sell you the distressed homeowner their services.
These services are costly ranging from $1500 - $6000 and up!.
Some typical signs of a rescue foreclosure scam is;
1.
They require an UP Front Fee for either all of
part of their fee.
2.
They will guarantee to stop the foreclosure
and/or get your loan modified or get the principal balance reduced.
3.
They tell you to STOP making their
monthly mortgage payments and/or start making the payment to them.
4.
They tell you to STOP communicating
with the mortgage lender.
5.
They may even pressure you to sign over the deed
to your home.
6.
Some companies even claim to be government sponsored
or have government loan modification programs.
Hawaii as well as has most all states now have FREE agencies
to serve distressed homeowners.
Hawaii has FREE Certified Housing Counselors at;
808-587-3222 or you can go to;
www.FHIC.Hawaii.gov
for more information.
For questions and a variety of legal help call Legal
Aid Society of Hawaii 800-499-4302
In 2008 Hawaii enacted The Mortgage Rescue Fraud Protection
Act, which can bring action against violators that can result in fines from
$500 to $10,000. To file a complaint go to http://cca.hawaii.gov/consumer-complaints/
I hope this article has been informative and will help you
or someone you know. Please remember above all else that HELP is FREE. Also armed with a little know
how and instructions from your mortgage lender YOU can do all that is needed to
get your own home loan modified. Seek local legal help and/or counselling it
FREE…
Thank you for visiting my blog, I welcome your questions and
comments.
Roxy Redenbaugh
ACMC Loan Consultant
Certified Mortgage Coach
Branch Manager
NMLS #269926
