When trying to avoid foreclosure, it comes down to one main thing; you need money to pay your bills on time.  With today’s economy, low paying jobs and lack of available work every penny you earn counts.  It counts towards, keeping or saving your home and giving your family a secure future.

This is my third article on money saving tips to stop a foreclosure.  The first article tells you how you can save several thousand dollars a year on grocery’s, article number two tells you how to save on clothing and this particular article will deal with saving money on car repairs.  If you have a car it doesn’t matter if it’s a couple years or twenty years old — you going to spend money on keeping it in shape.  There are some tips and tricks of the trade though that may help cut down on some of your mechanical expenses.

Get A Second Opinion and Estimate If you were going to a doctor and they told you, that you would need to get this, that and this done; you would probably get a second opinion, before you just jump onto an operating table.  Treat your car the same way; get a second opinion.

By getting a second look at your car by a different mechanic, you can confirm what the first mechanic told you and you can get a second estimate of costs.  This is very important because most car mechanics prices can vary significantly.  One person may quote you $1800 for a job, while a second mechanic may do for only $900.  That is a big difference so it is very important to get a second opinion and estimate on your car’s repairs or maintenance.

Watch Out For Scammers How often have you gone into a car shop to get your oil changed and all of sudden you find yourself buying brake lights or a new spark plugs or a oil filter?  It is always something, isn’t it?  Make sure if someone is examining your car for one thing, they don’t try to up sell you something you may not need.

This is another reason why a second look at your car with another mechanic is important.  Especially if every time you visit your current mechanic for one thing, they prescribe ten things.  See how many times this happens where you do business; if it starts becoming a pattern, it may be time to look for a new mechanic.

Buy Your Own Car Parts Some mechanics have been known to charge a 50% mark up on parts.  This is good chunk of change and worth looking into alternative options for parts.  Even if you don’t know how to do the labor on a car, you can bring the parts you find for a cheaper price to the garage and just pay for labor.

Check out major auto parts stores since they will usually be cheaper then your mechanic’s garage.  Or look in the classifieds if it is a major part because someone may be selling just what you need.  Or possibly, check out a scrap yard and see what they have.  This could just save you several thousand dollars.

Learn To Do Some Of Your Own Repairs There are some simple repairs you can do on your own car, which can end up saving you saving you more than 80% on labor prices.  For instance, if your car light goes out, a dealer will charge your $20 just to change the bulb.  If you buy your own bulb at an auto store it is probably around $2.  Then just do a little online research or look at some auto repair books and learn how to replace the bulb yourself.

So if you have any money concerns or are possibly worried about facing foreclosure in your future, read of the money saving tip articles and make every penny count.  How would you like to have an extra $10,000 in your pocket every year?  This can happen, if you put the time and effort into learning the tricks of the trade.  If your boss offered you a pay increase of $10,000, but you would have to do more work, you would likely take it.  This is same thing, put the work into saving money and you will have more money.

Home Loan Modification has become increasingly attractive as the foreclosure rates continue to soar. Prior to the decline in the real estate market, some mortgage lenders were unwilling to let homeowners facing foreclosure, to take advantage of home loan modification programs. Now with the present state of the economy and so many hard working people at risk of losing their home, lenders view mortgage modification as a more acceptable practice.A mortgage modification, also known as a home loan modification, empowers homeowners to lower their monthly mortgage payments by re-negotiating the terms of the first loan. This is one of the best alternatives to foreclosure as it allows people in the midst of financial hardship to stay in and keep their home. By acquiring a new payment structure through mortgage modification families can avoid foreclosure and lenders still receive payments.While not all mortgage companies recognize this type of program, it is surely in your best interest to at least ask. Anyone facing the potentiality of foreclosure should do their own due diligence and proactively find ways to save their home. Remember, lenders do not want your home, they make money by lending money, not by owning homes. If you are in peril of losing your home, you owe it to yourself to discuss alternatives with your lender.Negotiating a home loan modification is not always easy, there is a process. You must meet the requirements for the program and give adequate documentation. You will be obliged to prove that you can genuinely pay the new loan. Modifying your payment is just one of many options. However, it is one of the most favorable methods of keeping your home from foreclosure.Some people believe that it will cost them nothing to just walk away from their home and let it go into foreclosure. The fact is foreclosure will cost you money and will adversely affect your credit. Count the cost. Avoid Foreclosure With A Home Loan Modification.

Worried homeowners who are not able to make their monthly mortgage payments on time are facing foreclosure. It is a kind of legal process in which a borrower under a mortgage is deprived of his own interests in the mortgaged property. Millions of people wanted to avoid foreclosure and are looking for alternative foreclosure option that may save their dream home.

If you are facing foreclosure, then there are various methods to avoid foreclosure without affecting credit report:

· Loan Modification is the best way to avoid foreclosure. It is the most popular foreclosure option that is widely used by the homeowners. You can get your loan modified by adding new terms in it. A loan modification can save a lot of money and it may include certain features such as lowering principal balance, converting to a fixed rate, lower down monthly mortgage payments, reduce interest rate, etc.

· Partial Claim is another Alternative Foreclosure Option which you can ask to your mortgage lender. This option works with you to obtain a one-time payment from the FHA-insurance fund. To qualify for the partial claim, make sure that your loan should be at least 4 months delinquent but not more than 12 months. You need to sign a promissory note and a lien will be placed on your property until the promissory note is fully paid.

· Another Foreclosure Option is that you can avail is short sale. In this, the lender agrees to sell his property on the lesser amount than the outstanding loan amount that forgives any remaining debt.

· Special Forbearance has also been suggested by your mortgage lender which gives a permanent reduction on your monthly mortgage or postpones the payments for a few months. You need to prepare a file of documents including the financial statements which should be submitted with the lender along with a hardship letter to prove that you can pay your payment plan.

· Short Refinance is also provided to avoid foreclosure. In this option, the lender forgives some of your debt and get refinanced the rest into a new loan.

The current housing crisis, combined with ever rising unemployment, has brought the horror of foreclosure to many families.

Foreclosure on a loan is something which should be avoided on all costs since it means not only the loss of house and home but a lifetime of bad credit, and may even keep a person from ever owning their own home. Realizing this problem, many companies, charities and even the federal government have stepped up to halt foreclosures.

Natalia Osorio Editor of the “Loan Modification Foreclosure” website — http://www.LoanModificationForeclosures.com — pointed out;

“…Many charities are helping people avoid foreclosure by giving them help and options. Anyone who is facing foreclosure should look for charities in their area that can help them negotiate with their lender or the person currently holding their loan so that the interest rate or payment is decreased…”

It is, of course, not possible to avoid paying off the loan entirely, but most corporations are not eager to end up losing thousands on the loan by not having it repaid, especially since the house they would receive in the foreclosure is of no use to them. Smart negotiators and clever intermediates are working hard to help people renegotiate their payments to something more reasonable with their current financial situation.

The government is also stepping up to the task by offering a program through the Fannie Mae corporation. “…Persons whose loan has been purchased by Fannie Mae can contact them to negotiate a lower rate of interest, which they will almost certainly grant if it will avoid foreclosure. Unfortunately, this cannot help someone who has no income or savings and cannot make any payments at all…” N. Osorio added.

Further information about how to get professional assistance with a mortgage loan modification by http://www.LoanModificationForeclosures.com

The last couple of years have been quite unstable for the housing market. People are facing foreclosure and losing their homes. According to statistics, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bad; however, a homeowner can seek the help of a foreclosure defense attorney to know his/her options.

The fact is that for vast majority of people foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceeding. They are not aware of the fact that there are options available to them that can help them avoid foreclosure proceedings.

Loan Modification

A specialized foreclosure defense attorney can lay out the options available to homeowners who are facing foreclosure. Under the Housing Bill passed by President Obama, homeowners facing foreclosure can go for loan modification. Assistance of a foreclosure defense attorney can help a homeowner negotiate the mortgage modification with the lenders.

Short Sale

Still another option that homeowners have is that of short sale. Under this option the homeowner will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale lawyer will negotiate with the bank. The short sale attorney will convince the bank that due to economic or financial hardship, the bank should agree to a discount the loan balance. Therefore, after the house is sold the remaining balance is discounted.

Deed In Lieu

Another way that a homeowner can avoid foreclosure is by opting for deed in lieu. The homeowner’s real estate attorney will negotiate with the lender.  The homeowner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.

Bankruptcy

Another option that a real estate lawyer can suggest to a homeowner is that of filing bankruptcy. This will not only stop all foreclosure proceedings but will also give a chance to the homeowner to repay some of the debt and retain the house.

Refinancing

A Florida real estate attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the homeowner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.

Reverse Mortgage

A very good option that a foreclosure defense attorney might suggest is that of reverse mortgage. This is simply a loan against the property. A homeowner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.

Contesting Foreclosure

In many cases it has been seen that homeowners can successfully contest foreclosure proceeding. A foreclosure defense Jacksonville lawyer can help homeowners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A cautious attentive homeowner with the help of a foreclosure defense Florida attorney will be able to figure out what is illegal about the proceedings.

The bottom line is that there are several options available to homeowners to help them avoid foreclosure. It is upto the homeowners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to avoid foreclosure.

The last couple of years have been quite unstable for the housing market. People are facing foreclosure and losing their homes. According to statistics, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bad; however, a homeowner can seek the help of a foreclosure defense attorney to know his/her options.

The fact is that for vast majority of people foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceeding. They are not aware of the fact that there are options available to them that can help them avoid foreclosure proceedings.

Loan Modification

A specialized foreclosure defense attorney can lay out the options available to homeowners who are facing foreclosure. Under the Housing Bill passed by President Obama, homeowners facing foreclosure can go for loan modification. Assistance of a foreclosure defense attorney can help a homeowner negotiate the mortgage modification with the lenders.

Short Sale

Still another option that homeowners have is that of short sale. Under this option the homeowner will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale lawyer will negotiate with the bank. The short sale attorney will convince the bank that due to economic or financial hardship, the bank should agree to a discount the loan balance. Therefore, after the house is sold the remaining balance is discounted.

Deed In Lieu

Another way that a homeowner can avoid foreclosure is by opting for deed in lieu. The homeowner’s real estate attorney will negotiate with the lender.  The homeowner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.

Bankruptcy

Another option that a real estate lawyer can suggest to a homeowner is that of filing bankruptcy. This will not only stop all foreclosure proceedings but will also give a chance to the homeowner to repay some of the debt and retain the house.

Refinancing

A Florida real estate attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the homeowner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.

Reverse Mortgage

A very good option that a foreclosure defense attorney might suggest is that of reverse mortgage. This is simply a loan against the property. A homeowner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.

Contesting Foreclosure

In many cases it has been seen that homeowners can successfully contest foreclosure proceeding. A foreclosure defense Jacksonville lawyer can help homeowners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A cautious attentive homeowner with the help of a foreclosure defense Florida attorney will be able to figure out what is illegal about the proceedings.

The bottom line is that there are several options available to homeowners to help them avoid foreclosure. It is upto the homeowners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to avoid foreclosure.

It isn’t news to anyone that widespread foreclosures are a large problem in our current real estate market. For many families, it can be unavoidable. However, what many people don’t know is that there is help out there for those facing foreclosure. Here are some things to keep in mind:

•Stay Home – When facing foreclosure, stay in your home. If you vacate your property and something happens to it – whether it be vandalized, struck by lightning or broken into – the bank will likely hold you financially responsible for the damages.

•Stay in the Loop – Talk to your lender. If you feel like you’re going to have trouble making next month’s mortgage payment, let them know. Whenever you phone them, follow up your contact in writing. If your lender is more informed of your situation, they will be better prepared – and perhaps more willing – to work with you.

•Stay Realistic – Remember that lenders are a business and they are always interested in making their money back whenever possible. Ironically, banks are less willing to work with those who have made payments for years and built up equity on their home. In those cases, the lender can simply keep the payments they’ve already received and sell the house quickly for considerably less than it’s worth and still turn a profit. If you haven’t been in your home for very long and you haven’t built up a lot of equity, then your lender might be more willing to come to an agreement that benefits you both.

•Stay Safe – Unfortunately, this market has attracted a slew of dishonest scammers and con artists that prey on desperate home-owners. Always – always – do your research whenever you think about getting help from a company or program. Watch out for anyone who insists on being paid upfront. Don’t pay somebody to do something that you could do for free, such as dealing directly with your lender. The Department of Housing and Urban Development keeps track of legitimate foreclosure-prevention programs. Get a list from them.

•Stay Practical – Not all foreclosure-prevention programs will be the answer to your prayers. Many programs offer one-time solutions, often for a single month’s payment. Carefully think about your situation and make sure that such a temporary solution will really make a difference in the long run. It may just be delaying the inevitable.

Sometimes foreclosure is simply unavoidable but there are many times when help can be found as long as you know where to look. Do your research, call an expert, and find out as much as you can about your options for possibly avoiding foreclosure on your home.

As foreclosures are on the rise, so are the scams that commit to “rescuing” the homeowner from losing their home to foreclosure. These scams just steal your hard earned money, destroy your credit record and eliminate any equity you might have in your home.
These foreclosure con artists use people who are dire financial straits. They know these people are desperate and are grasping at straws for answers to their foreclosure situation. People to target for these scams are not hard to seek out as mortgage lenders publish notices before foreclosing on homes. These con artists read these notices then contact their victims quite often even in person but more commonly by mail, phone or by email. They even go so far as to advertise their services on web sites. They make themselves sound official by giving them impressive titles like “foreclosure consultant” or “mortgage consultant.” They may call their services “foreclosure service or “foreclosure rescue agency.”
If you are facing foreclosure, contact your mortgage lender or any legitimate financial counselor to help you find legitimate options to avoid foreclosure. It is imperative that you carefully check the credentials, reputation and experience of anyone offering to arrange to stop or delay your foreclosure for a fee. The following recommendations can help protect you:
WATCH OUT FOR THESE FORECLOSURE RESCUE SCAMS
Lease-Back or Repurchase Scams – Someone offers to pay off your mortgage and rent you residence back to you. This usually involved signing over the deed of your home to the individual. This will give the person the ability to evict you, raise the rent, sell the house or steal your equity. You are still responsible for the mortgage so if the individual doesn’t make the payment, your house still gets foreclosed on and you face the legal consequences.
Refinance Fraud – Someone acts as a mortgage broker or lender and offers to refinance your loan to a lower payment. They make you believe you are signing the documents for a new loan when in actuality you are signing over the ownership of your home. This opens you up to the situation as above.
Bankruptcy Schemes – Several scams try to abuse the bankruptcy laws. These are complicated schemes, so it is important to always thoroughly investigate anyone offering to help you with your bankruptcy. Anytime someone wants you to sign over ownership of your home, be very cautious.
HOW TO PROTECT YOURSELF FROM SCAMS
Always know what you are signing – It is important that you thoroughly read and understand what you are signing. Obtain advice if a document is too complex. Do not sign anything with blank spaces, errors or incorrect information even if someone promises to fix things later.
Get everything in writing – Verbal agreements are usually not legally binding. It is important that you get any promises or agreements in writing to protect yourself. Be sure to keep copies of anything you sign.
Make your mortgage payments directly to your lender or the mortgage servicer – Do not trust anyone else to make mortgage payments for you.
Be cautious about signing over your deed – Scams quite often require you to sign over your deed. Always get the advice of a lawyer or financial advisor before doing so. You do not want to lose your rights to your residence and any equity that you may have.
Report any suspicious activity to the Federal Trade Commission and to your state and local consumer protection agencies – This helps to prevent others from becoming victims.
HOW DO I FIND LEGITIMATE HELP FOR YOUR FINANCIAL PROBLEMS
Contact your lender as soon as you think you are unable to make your mortgage payment.
Contact a legitimate housing or financial counselor to help you work through your financial problems.

If you are one, two or three payments behind on your mortgage then you would be wise to take immediate action regarding the following information. Homeowners, just like you, are often caught in unexpected hardships such as divorce, death in the family, job loss, or medical emergencies that lead them to falling behind in foreclosure. The good news is that there are ways to avoid foreclosure and save your home.
To avoid foreclosure you must prevent a Notice of Default (NOD) from being filed against you by the lender. A NOD is a public notice that states a homeowner is at least 60-90 days behind on mortgage payments and unless payments are made current the lender will seize the home. Lenders would much rather not file for foreclosure, it is a costly process for them (~$30,000 – ~$40,000) and they are not in the business of owning homes. However, most lenders will file a Notice of Default to protect their interests. If you feel that you will be unable to pay your mortgage due to hardships or an ARM-reset then you should consider the following solutions.
If contacted in a timely fashion a lender may be willing to reach an agreement that involves one of the following:
Forbearance agreement
A lender will give you time to get your finances in order before requiring you to make up back payments and bring your mortgage current.
FHASecure refinance or lender finance
The government provides FHA-insured refinancing loans to qualified homeowners who may be facing foreclosure due to adjustable-rate mortgages or interest-only mortgages that are set to reset. This program is available to anyone who has a non-FHA insured loan, regardless of their payment history. You also have the ability to roll your first and second mortgage into a single FHASecure loan. To find out more information about this program you should visit: http://portal.hud.gov/pls/portal/url/page/fha/fhasecure
Your lender may also be willing to refinance your existing mortgage, depending on your situation.
Repayment plan
Here, the mortgage company will let you payback missed payments over time by adding it to your mortgage bill. For instance, if your mortgage is $1,000, the lender will add $100 over the course of 12 months to repay a missed payment.
Partial claim
Under a Partial Claim the mortgage company will loan you the amount necessary to reinstate your loan. Currently, partial claims loans are interest free and not due until the homeowner pays off the first mortgage or sells their home. To qualify, you must meet certain criteria and have a government-backed loan.
Note modification
Under situations that involve adjustable-rate mortgages, the lender will freeze a homeowner’s interest rate to a more manageable rate. Alternatively, the lender may extend the amortization period, allowing you more time before the interest rate reset.
Debt forgiveness
This is very rare, but it does happen on occasion. Under this agreement the lender will waive your obligation for the missed payments so long as you make payments on time going forward.
To learn the 20 other ways you can stop foreclosure solutions and how to go forward with the ideas presented just visit: http://www.foreclosure-help-book.com.

Approximately 2.2 million Americans have an adjustable-rate mortgage (ARM) that is due to adjust this year. For many homeowners these newly adjusted rates will significantly increase their mortgage payments and lead them into foreclosure. If you are facing foreclosure or believe you will have difficulty paying your mortgage because of an ARM reset then the Federal Housing Administration (FHA) has a new program designed just for you.
The program is called “FHASecure” and it gives homeowners with ARMs and “interest-only” loans the ability to refinance up to 97.75% of their home’s appraised value into a FHA-insured mortgage. By refinancing into a FHA-insured mortgage, you can expect to pay lower monthly mortgage payments. Under the FHASecure program the lender will not automatically disqualify you for any late or non-payments on your existing loan. Moreover, the lender can offer you a second mortgage to make up the difference between the value of your property and what you owe.
As long as you are current on your mortgage, you are eligible for an FHASecure refinance. If you are delinquent, the default must have been due to the payment shock of an interest rate reset or, if you have an Option ARM, the “recasting” of the mortgage to fully amortizing. If you are delinquent because of job loss, divorce, medical issues, or any other hardships you should explore your other options. There isn’t a limit on how far behind you can be on your mortgage or how many payments you’ve missed. Whether you’re current, one month or multiple payments behind the amount you can refinance will depend on the value of your property and how much you owe and if the lender, or another eligible source, is willing to take back a second mortgage to help bridge the gap between what is owed and your home’s value.
If you do not have enough equity in your home to refinance you should speak to your lender about a second mortgage or a “short payoff” to make up the difference. However, these options are at the discretion of the lender. To find out what the value of your home is you should check http://www.Zillow.com or speak with a local real estate broker about appraising your home.
The FHASecure program may also help those already in foreclosure but each situation is different and is dependent three factors: the value of the home, the amount owed, and if the lender is willing to offer a second mortgage. Homeowners facing foreclosure should first educate themselves and then speak with their lenders or seek counseling from HUD-approved counseling agencies.
Both first and second mortgages can be included in FHASecure so long as the combined amount is within the FHA loan limit. If the combined amount exceeds the FHA loan limit or the loan-to value limit, you should ask the lender for a second mortgage to make up the shortfall.
People will still have to qualify for a FHA insured mortgage, based on their capacity to make the monthly mortgage payments. Unfortunately, those who shouldn’t have gotten a home loan in the first place will not be able to qualify for FHASecure or other FHA refinancing options. Fortunately there are other options that will allow them to avoid foreclosure and/or save their credit.
If you believe the FHASecure loan can help you avoid foreclosure, then dial 1-800-CALL-FHA or visit http://locator.fha.gov to locate the nearest FHA-approved lender in your area.

Today, a large number of homeowners are facing foreclosure and many wonder what steps they should take. Those facing foreclosure should be well educated on the subject. For example, homeowners should familiarize themselves with their local and state foreclosure laws, their rights as homeowners, and so forth. With that said, it is important to remember that foreclosures are preventable.
The easiest way to avoid foreclosure is to make your monthly mortgage payments and do so on time. Some financial lenders will prepare for foreclosure after only one or two missed payments. While you will not be removed from your home right away, just know that the process is easy to get started, so never fall behind in your payments.
Of course telling you that you should make on time monthly mortgage payments doesn’t mean that you will or that you even can. If you see financial trouble in the near future, such as being laid off from work or being out of work due to an injury, speak to your lender. If a lender knows that your financial troubles are only temporary and if you have a history of on time payments in the past, they may be willing to work with you. This may involve smaller payments for the time being.
Even if you cannot get your financial lender to lower your mortgage payments, even just temporarily, there are still ways that you can avoid foreclosure.First and foremost, never ignore warnings and phone calls from your lender. Even if you do not intend to keep your home, it is important to be in constant contact with your mortgage holder. You will need to know what happens next and when you should leave the property.
If you have jewelry, a second car or other belongings that can be sold, you are encouraged to do so. This may give you the money needed to get your mortgage up-to-date and in good standing. Even if not in one hundred percent good standing, it shows your financial lender that you are trying your hardest to keep your home. As easy as selling some of your belongings are, know that acquiring a second job is often your best chance of success.
Increasing your income and temporary cash flow are just two ways to avoid foreclosure and keep your mortgage payments up-to-date. With that said, many homeowners facing foreclosure are surprised to learn just how much money they can save up by prioritizing their spending.
Due the recent rise in gasoline, food, and entertainment, consumers who never had to worry about using coupons or having a monthly budget need them now. All homeowners, especially those facing foreclosure are encouraged to track their spending habits and eliminate unnecessary purchase. The money saved should be applied towards mortgage payments.
Another easy way to reduce the risk of foreclosure is to seek professional assistance when needed. In some states, local governments and even mortgage lenders occasionally provide free foreclosure assistance to homeowners in need. As soon as you suspect that foreclosure may be an issue, you should meet with an attorney specializing in foreclosures or a HUD (United States Department of Housing and Urban Development) approved counselor.
These are individuals who can advise you of your rights, help you understand your state’s foreclosure laws, as well as help you develop a plan of action. Homeowners facing foreclosure often report an overwhelming feeling that just cannot and will not go away. This is the time to seek professional help.
Finally, the United States Department of Housing and Urban Development (HUD) advises homeowners to not fall for foreclosure scams. These scams are often referred to as foreclosure recovery scams. Never believe the claim of an individual or company who says they can stop foreclosure proceedings with one signature.
If you are not careful, you could still lose your home. What you may become instead is a renter who can’t afford the new rent. Never sign any documents pertaining to your home without first having a trusted and reputable attorney review them.