Helpful Tips
Red flags of foreclosure rescue scams
The growing housing crisis is presenting many challenges for thousands of homeowners in Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Hampton, Newport News, Hampton Roads, and Virginia. According the Federal Trade Commission, if you’re looking for foreclosure prevention help, avoid any business that:
• Guarantees to stop the foreclosure process – no matter what your circumstances.
• Instructs you not to contact your lender, real estate lawyer, or credit or housing counselor.
• Collects a fee before providing you with any services.
• Accepts payment only by cashier’s check or wire transfer.
• Encourages you to lease your home so you can buy it back over time
• Tells you to make your mortgage payments directly to it, rather than your lender.
• Tells you to transfer your property deed or title to it.
• Offers to buy your house for cash at a fixed price that is not set by the housing market at the time of sale.
• Offers to fill out paperwork for you.
• Pressures you to sign paperwork you or your real estate lawyer haven’t had a chance to read thoroughly or that you don’t understand.
About Alperin Law
Alperin Law is located in Virginia Beach, Virginia and is experienced in a variety of legal matters including real estate attorneys, real estate closings, residential real estate attorneys, residential real estate transactions, commercial real estate transactions, 1031 tax deferred exchanges, business law, business formation, and estate planning. The law firm's real estate lawyers serve businesses and families in Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Hampton, Newport News, as well as all of Hampton Roads, Virginia and beyond.
Scott Alperin contact
scott@alperinlaw.com, (757) 490-3500
