Warning Signs of South Florida Foreclosure Scams
With the number of South Florida foreclosures rising, scam programs are multiplying. Many fraudulent organizations have been preying on the emotional distress many homeowners feel when facing foreclosure.
Keep your eyes open for the following warning signs when considering a mortgage loan modification or foreclosure assistance:
- High up-front fees – although many legitimate foreclosure assistance companies do charge fees, they are small and not required until after they start your case. Be especially wary of companies that require high up-front fees and claim to be government-sponsored. Government programs are free.
Foreclosure plague slowing : Filings fall by 8%
The following article that was posted earlier in this month on cnnmoney.com speaks to the fact that in the month of November there was a decrease in foreclosure filings nationwide. This does not necessarily hold true to South Florida. And the questions still persists if this is a temporary lull considering the millions of people who will soon find themselves with no further unemployment benefits as well as no new jobs. So with loan modification plans continuing to be revised by the Obama Administration and hundreds of thousands of people awaiting approval of Short Sale offers by their current lenders we sit and we wait to see what the new year to bring us. I hope that you find the following article insightful and informative.
Best Foreclosure Defense in Weston
The recession has hit the state of Florida hard. Currently the sunshine state ranks second from the top for foreclosure filings. The other states hit hard with foreclosures are: California, Michigan, Arizona and Nevada.
For the best foreclosure defense in Weston give Burgess Law firm a call today.
The top Florida cities with high foreclosure rates are: Sarasota, Orlando and Fort Lauderdale. Just in the month of August alone there were 62,400 new foreclosure filings with foreclosure sales numbering 8,498 that had an average sale price of $192,772.