Alexandria VA Homes for Sale – Avoid Foreclosure Scams
Dealing with home foreclosures in Alexandria, Virginia, isn’t a fun experience for anyone. You don’t want to lose your home and have to start over again or live with damaged credit. It can be a desperate situation. Unfortunately, some people are willing to take advantage of you with offers to stop your home foreclosure. Most of these offers are scams. Be aware and protect yourself from foreclosure scams.
Sometimes in order to prevent a bank foreclosure, it might be best to put your home up for sale. Whether you’re ready to add your home to the list of Alexandria VA homes for sale or you want to try and keep your home, here are some helpful tips to avoid foreclosure scams:
- Never pay a fee to someone who promises to stop your foreclosure. These companies are just going to call your lender to negotiate your loan. You can do this yourself for free. Talk to your lender and explain your situation or call a HUD housing counselor for advice.
- Never transfer ownership of your home to anyone. One popular foreclosure scam is through a company that offers to take over your mortgage and rent your Alexandria home back to you. Unfortunately, once you sign over ownership of your home, it is no longer your home. You’re the only one who loses.
- Never believe anyone who tells you they will eliminate your mortgage. The only way you eliminate a mortgage is by paying it off. Anyone who tells you otherwise is lying. Following their directions can result in you losing your home and being charged as part of a criminal act.
- Never accept the assistance of someone who promises to repair your credit. Once your credit is damaged, you can only fix it by paying your bills on time. It takes several years of payments to improve your credit score.
- Never let someone “buy you out” of foreclosure. These people offer to buy your home equity or pay your past due amount. Unfortunately, most Alexandria, Virginia, homes facing foreclosure do not have any equity in them, so there is nothing to buy. Most of the time, these rescue loans are phony mortgages.
If it sounds too good to be true, it probably is. If you’ll let me, I’ll help you sell your home or find Alexandria VA homes for sale in your price range. Call me today at 703-909-3939 or email Steve@HomeSearchWebsite.com today!
Steve Hawkins
Long and Foster REALTORS®
Springfield, Virginia
www.HomeSearchWebsite.com
Steve@HomeSearchWebsite.com
703-909-3939
