Homeowners please be on the lookout for uninformed, half wit, scammers looking to prey on your weaknesses. If you are facing Foreclosure please take time to do your research on the company you are dealing with.
- Ask for credentials!
- Ask for the company’s full and legal name and what state they are registered in.
- Ask them to put everything in writing.
- Ask the person you are talking to how they are qualified to assist you.
- Don’t be afraid to tell them you aren’t SELLING!
- Ask them the percentage of homes they save as opposed to sell.
- And finally, ask them about their track record!
Still don’t be fooled. Many companies will have a good answer for you. It is your DUTY to verify these numbers. Ask them how long they have been in business and then verify that yourself.
Let me explain where this is coming from. This week was a very trying week for me. I am a loss mitigation Consultant. For those of you not familiar with loss mitigation itself, it is simply negotiating with a lender on behalf of a homeowner facing Foreclosure. loss mitigation is the first thing you should attempt when trying to save your home. There are two requirements when finding out if a homeowner may qualify and they are:
- Is there hardship (financial bump in the road) over?
- Are they able to resume their REGULAR monthly payments.
If a homeowner can answer yes to both these questions there is a strong possibility that they can be helped through loss mitigation. This is a cost effective way to get back on your feet and back on track with the lender.
I didn’t want to talk about the service so much as I did the people taking advantage of the ever growing number of foreclosures. This week I was visiting a forum. Now I am not very forum savy but a friend asked me to answer a post so I did. While in there I discovered a group of people that belonged to this unmentioned company. Suffice it to say that they apparently felt they were worthy competitors of ours. At any rate, someone simply asked about our services and I replied and one thing led to another. Needless to say the conversation went to places that I didn’t think adult women were capable of going. Throughout the whole conversation I saw passion. What I didn’t see was the company itself doing any good other than an absolute disservice to homeowners who are faced with a devastating Foreclosure.
I am not one to judge, and the individuals there, I am not judging. But the company boasts proudly that ONLY 15% of homeowners qualify for loss mitigation. The rest are HIGH interest Foreclosure bail out loans, investment deals and short sales. This, to me, is the absolute most horrible thing I have ever heard. With 9 out of 10 homeowners having a strong desire to stay in their homes how on earth could you brainwash hundreds of people into believing this is acceptable?
It was apparent to me that the CEO’s main interest was flooding the gates to get as many deals as they could. Now, their marketing materials say they can save 90% of the homes from Foreclosure. That in itself is very misleading. When I say we can SAVE your home from Foreclosure, I mean that we can actually keep you in the home! Saving a home does not mean selling to me. Maybe I am wrong on this one but please give me your feedback here.
I am elated that I was not pulled into those “Free to work at home” opportunities that brainwashed me into thinking I was actually providing a service to homeowners. I care deeply about my clients and only trust them with the best of companies. I would never farm them out to multiple vendors I know nothing about or how they will be treated. People, we are Americans and our country needs our help. Don’t be a bottom feeder and take advantage of your fellow Americans that are already in a tough spot! Please step back and do something good for them.
Bottom line - If you aren’t 100% dedicated to helping them then get out of the kitchen. Please don’t hurt any more people with your lies and lack of education and understanding of the Foreclosure process.
