Common Foreclosure Scams That a Lawyer Can Help You Avoid

by | Sep 12, 2017 | Law

The last thing that any homeowner wants to go through is a foreclosure. Unfortunately, it sometimes happens, and homeowners are forced to take on an impossible task. It can be a very unnerving and traumatic experience. To make matters worse, there are plenty of people and organizations that would love to take advantage of a homeowner in such a vulnerable situation. Those companies even exist in Naperville, Illinois, an otherwise peaceful and enjoyable place to live.

Luckily, there are professionals who are eager to offer their sincere help. Naperville foreclosure defense lawyers can help ensure that nobody takes advantage of you and that you don’t fall victim to a possible foreclosure scam. What are some common foreclosure scams that Naperville foreclosure defense lawyers could help you avoid?

Counseling Agencies That Can’t Help

If you’re already going through the foreclosure process, then you’ve probably already received a dozen calls from fraudulent counseling agencies. Most of those agencies aren’t located anywhere near Naperville, but they might claim to be in an attempt to sound legitimate. These agencies often claim that they can help you save your home, but it’s going to cost a large amount. In reality, any of the work that they do could have easily been performed by yourself at little or no cost.

A Scam From a Lender

Lender scams are one of the biggest problems in the market. After receiving the foreclosure notice you will receive a call from a lender who claims they can help. They will “repackage” your loan, you get to save the house, and your initial payments are actually lower. It all sounds too good to be true, but that’s because it is. Once the term of the loan ends you are forced to pay a large lump sum or the lender ends up with the property.

Remain Vigilant

Naperville foreclosure defense lawyers have helped countless Illinois homeowners protect themselves from foreclosure scams. Lender scams and counseling scams are among the most common. They usually begin targeted their victims immediately after they receive the foreclosure notice. That’s why you should protect yourself by immediately seeking the assistance of a professional foreclosure attorney.

Covert & Covert is law office in DuPage County, Illinois. They offer services related to home loan negotiations, foreclosure litigation, foreclosure defense, personal injury, and more.

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