Brad Garbutt

REALTOR®, Associate Broker

Since 1983, I have helped thousands of families and individuals buy and sell homes in Redding/Shasta County. The only thing that exceeds my experience is my commitment to you because whether you're buying or selling a home, your satisfaction is my number one goal. My commitment to you includes implementing the latest real estate technology and resources to effectively market and sell your property. When you're ready to buy or sell a home and you want exceptional service, call me!

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HUD Website Allows Consumers To Report Mortgage Scams

HOME LOANS, INDUSTRY NEWS, TIPS FOR SELLERS
March 5th, 2010

hud-logoThe California Association of Realtors announced a new HUD website where consumers can turn in loan modification scam artists. Numerous scams have become prevalent as more and more Americans find themselves facing foreclosure. Laws have been enacted making the collection of advance fees for promised loan modification services illegal. The latest twist is companies promising to do a “forensic audit” of the homeowner’s mortgage in attempts to uncover fraud. The typical fee to conduct such an audit usually exceeds $3,000. However there is no guarantee of success and some borrowers have reported getting nothing in return for the large advance fee tendered.

To access this website, click here: http://www.preventloanscams.org/

Anyone considering a loan modification should first contact their lender at the customer service department listed on their mortgage statement. If you need assistance negotiating with your lender, contact a non-profit credit counseling agency. The HUD website has links to approved free and low-cost credit counseling agencies.

bradgreps@yahoo.com

530-224-6767 or 530-941-7492

BRAD GARBUTT

REALTOR/BROKER ASSOCIATE

REAL LIVING REAL ESTATE PROFESSIONALS

CORNER OF COURT AND PLACER IN REDDING

MORE THAN 25 YEARS LOCAL REAL ESTATE SALES EXPERIENCE

This entry was posted on Friday, March 5th, 2010 at 10:42 am and is filed under HOME LOANS, INDUSTRY NEWS, TIPS FOR SELLERS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Deena Kolaga said at March 14th, 2010 at 6:09 am

    Hey there i loved your article and just wanted to take 2 mins of my time to say thanks it was just what i was searching for anyway keep up the good work and youll see me soon:D

  2. Sanjuana Cachero said at March 16th, 2010 at 11:57 am

    Where abouts are you from? can’t tell from your use of english if its UK English or American English!

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