Bethlehem Hosted Foreclosure Scam Awareness Meeting
When homeowners are feeling the strain of failing to make mortgage payments, where do they turn? It is understandable for homeowners facing the possibility of foreclosing their home to seek help from individuals claiming to be professionals. But how can a homeowner in Bethlehem protect himself or herself from becoming a victim of a Pennsylvania foreclosure scam?
A recent wfmz.com article reports that Bethlehem, Pennsylvania hosted a meeting led by U.S. Eastern District Attorney Michael Levy as he addressed the issue of foreclosure fraud with other officials. Especially with the wavering condition of our current economy, homeowners struggling to pay their mortgages cannot risk falling any deeper into financial loss. Having government officials recognize the threat of foreclosure scams and fraudulent actions targeted at vulnerable homeowners is a good step towards spreading the word and helping prevent further monetary devastation.
Those who commit fraud in scamming homeowners do a huge disservice to the housing market and to the financial well being of families who are also experiencing a rough time. Homeowners should be weary of anyone declaring that they will alter mortgages and stop a foreclosure from happening for a certain charge. The meeting in Bethlehem intended to also remind homeowners that various loan modifications for mortgages and related services are usually offered without a fee needing to be paid. So, if a “company” informs you that there is no need to respond to your bank’s paperwork or appear in court because they will make sure everything is taken care of, think twice about continuing forward with any sort of deal.
