Many Florida homeowners who are dealing with foreclosure have actually ended up being victims of foreclosure rip-offs. Sadly, lots of unlicensed and, in the majority of cases, deceitful individuals are benefiting from the fear and lack of understanding of Florida house owners. About a year back, the Florida Foreclosure Scams Prevention Act entered into effect in an effort to help Florida house owners avoid ending up being the victim of such rip-offs. Here are some things you have to know to protect against foreclosure scams.
Beware of upfront costs: Nonlawyers can not charge a cost for foreclosure services until they finish all work as guaranteed. There are numerous so called “foreclosure specialists” and “foreclosure prevention companies” who guarantee to assist you prevent foreclosure and remain in your house. What winds up occurring is that these firms take large amounts of loan up front, in some cases numerous thousand dollars, and not do anything. This is unlawful. Do not provide money to any consultant, advisor or any other non-lawyer who promises you foreclosure services.
Unsolicited Suggestions: A few of these so-called firms call house owners who have actually been served with foreclosure or even visit their homes. You ought to be worried about anyone who contacts you by phone or in person. These are generally scams.
Absolutely nothing in writing: The Florida Foreclosure Scams Prevention Act needs that anybody offering foreclosure services offer you with a written agreement and permit you a “cooling off duration” with a right to cancel for a time period after finalizing. Be careful of anyone who either requests cash without providing a contract for services or who tries to get you to sign an agreement without thinking it over.
Don’t speak to the bank’s agent: The act also needs any “foreclosure specialist” or non lawyer foreclosure company to encourage you, in composing, that you have the right to contact the bank and negotiate since the bank might want to work out with you complimentary of charge. Beware of anyone who informs you not to communicate with the bank.
These are just a few examples of things to be careful of when dealing with a “foreclosure rescue expert”. Remember that just a foreclosure attorney can offer you legal guidance and just a foreclosure attorney can go to court for you. Every situation is different. If you are a property owner in Florida who is dealing with foreclosure, you may desire to talk to a foreclosure attorney to discover your rights and options prior to deciding the best ways to proceed.
The information included in this article has actually been prepared by Lori Barkus, Esq. for details purposes only and is not meant to be a replacement for legal advise from your very own legal counsel. Transmission of such details is not intended to develop, and receipt does not make up, an attorney-client relationship between Lori Barkus, Esq. and the receiver. No information in this post ought to be acted upon anyone, entity or firm without very first getting correct legal encourage. Be recommended that the act of sending out electronic mail or any telephone interaction with Lori Barkus, Esq. or Lori Barkus P.A. does not in and of itself create an attorney-client relationship.
South Florida foreclosure lawyer Lori Barkus assists property owners facing foreclosure. For more details, check out http://www.foreclosuredefensebroward.com To set up a totally free preliminary foreclosure defense consultation call: 954 349 7988