Short Sale Scams Still Going Up

In the midst of a recovering real estate market, homeowners are advised to consult only with a trusted professional.  The number of mortgage fraud situations concerning short sales and loan modifications is still on the rise and shows no signs of slowing down. 

If you are an owner who needs to sell and owes more on the property than it is is worth, this can be a very stressful situation.  Trying to negotiate a loan modification can also be tough, especially, if you really need one and the bank is not cooperating.  Scammers are preying on the vulnerability and emotional stress that these homeowners are experiencing and  are continuing to get away with it

The best tip that I can give you to avoid short sale or loan modification scams is to ask yourself if it sounds too good to be true.  Unfortunately, in most cases it probably is.  The good news is that there are legitimate and helpful resources to go to if you need help. 

If you would like a list of government agencies to report a suspected scam, visit my website at NancyPuder.com.  There you will also find related articles and more information about how to obtain a legitimate loan modification or short sale.  You may also call me directly at (805)710-2415 for a private consultation.

Nancy Puder is the broker and owner of SignatureProperties, a prestigious real estate sales and management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415