Being asked to sign over the title to your home, or other documents you don't understand.Guarantees that the help will work and let you keep your home.Here are some warning signs that you could be dealing with a scam: Scam artists could try to take advantage of you during this time. Watch out for foreclosure scams and fake legal helpįacing foreclosure can be stressful, and looking for a silver bullet to solve your problems can be tempting. The lender can then sell your home to collect the money you owe on your home loan.Once foreclosure is complete you no longer own your home and two things can happen: Usually lenders start foreclosure proceedings when they think you have not made your mortgage payments. This page explains what a residential foreclosure is, the steps involved in the process, and where to get help.įoreclosure is the legal process a lender can use to take the title to your home.
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