Halt House Foreclosure

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by Steve M. Bingman

Are you searching the internet looking for a way to halt house foreclosure? If yes, you need to be careful. There are hundreds of websites that claim that they can stop foreclosure. And often, they claim that they can do it within hours or days.

While many websites are legitimate, some are scams run by crooks.

The first thing to look for on a stop foreclosure website is to look at what they say they can do for you. Are they offering to talk with your mortgage lender? Are they wanting to make a loan to you to stop foreclosure? How can they help you?

Be wary of websites that want you to give them information before they will tell you what they can do for you. They may use the information in an attempt to take advantage of you. Or they may sell the information to less than honorable people. To me, if a website has a legitimate method of stopping foreclosure, they will tell you up front what is the method they use. Then they will ask for information that is necessary to use their method to stop foreclosure.

Also, be careful of the method that a website proposes to use to halt house foreclosure.

If the website claims that they can talk with your mortgage lender, realize that you yourself can talk with your mortgage lender. You do not need for someone else to talk to your lender for you. I doubt that they will get any better result that you would. In fact, your lender may feel that if you can pay someone to talk for you, then you can pay your mortgage payments. Also realize that if
your mortgage lender will not talk with you, it will not talk to someone else about you.

If a website claims that they can get you a loan to stop house foreclosure, look at your situation and the terms of the loan. They may make you a loan that actually puts you in a worse position than you are in now.

With all websites, look at their fees. They should tell you up front what are their fees or how their fees are determined. Be sure that you understand what a website is charging you to do whatever it is that they do to stop foreclosure.

Be cautious of websites that make elaborate or extraordinary claims. I have seen one website that claimed that using two words would scare a mortgage lender into stopping foreclosure. I do not know what the two words are (I didn't pay), but I do know that mortgage lenders pay lawyers hundreds of thousands of dollars to protect their legal rights to foreclosure. I doubt that two words would scare them.

Finally, you need to know that there is only one way of stopping foreclosure. That is to pay your mortgage lender. However, you may have several options on how to pay. Check out all options because certain options work in certain situations. Don't lock in on only one option until you have excluded all other options on how to pay your lender to halt house foreclosure.

This article is general information. If you have any questions of any nature concerning stopping foreclosure, talk with a lawyer licensed in your state.

This article may be republished, but the wording must not be changed and the author links must remain active.

Stop! Don't blindly chase any option to stop, avoid, or prevent foreclosure. See what works at Stop Foreclosure - Five Options You Need To Know. And click here for more insights on stop foreclosure.

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