Avoid Loan Modification Scams!

Don’t Become a Victim!

Foreclosure rescue and mortgage modification scams are a growing problem that
could cost you a lot of money!

Scammers make promises that they can’t keep, such as guaranteeing to save your home or lower your mortgage, usually for a fee, often pretending that they
have direct contact with your mortgage servicer – which they do not.

From the Making Homes Affordable website here are four tips to avoid mortgage modification or foreclosure rescue scams:

  • Beware of anyone who asks you to pay a fee in exchange for counseling services or the modification of a delinquent loan.
  • Beware of people who pressure you to sign papers immediately or who try to convince you that they can “save” your home if you sign or transfer over the deed to your house.
  • Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
  • Never make a mortgage payment to anyone other than your mortgage company without their approval.

Get Help!

Two programs Inlanta Mortgage offers to assist homeowners who are current on their mortgage loans but could use some help reducing interest rates and/or monthly payments include:

HARP (Home Affordable Refinance Program)
If you’re not behind on your mortgage payments but you have been unable
to get traditional refinancing because the value of your home has declined, you
may be eligible to refinance through HARP. Contact a licensed Inlanta Mortgage loan professional more information on this program. Read more about HARP eligibility requirements here.

FHA Streamline Refinance
An FHA refinance loan allows you to reduce the interest rate on your current home loan quickly and oftentimes without an appraisal.  FHA Streamlined Refinance also cuts down on the amount of paperwork that must be completed by your lender saving you valuable time and money.Contact a licensed Inlanta Mortgage loan professional more information on this program. Announcing Fee Reductions! – For streamline refinance transactions on existing FHA loans that were endorsed on or before May 31, 2009, the upfront mortgage insurance premium (MIP) will decrease from 1 percent to .01 percent of the base loan amount. This change is effective for case numbers assigned on or after June 11, 2012.

Inlanta Mortgage loan professionals can help you identify the best program for your specific needs. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.