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Wednesday, April 18, 2012

Hawaii Foreclosure – Homeowners Warned About Foreclosure Prevention Scams

The State of Hawaii’s Department of Commerce and Consumer Affairs is increasing it’s public awareness campaign to help educate homeowners about foreclosure prevention scams.  The DCCA stated that the consumer should be cautious of any company who:

1. Collects a fee in advance.
2. Recommends that you stop making mortgage payments or instead send the payments to the rescue service provider.
3.  Instructs you not to contact your lender, lawyer or a credit or housing counselor approved by the federal Department of Housing and Urban Development.
4.  Promises it can stop the foreclosure process.
5.  Pressures you to sign papers, especially if you don’t understand them or haven’t read them thoroughly.
If you feel that you may have been victimized, please contact the DCCA’s Consumer Resource Center at 808 587-3222.
Source: Honolulu Star Advertiser, 4-18-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com