NV ranks very high with foreclosures and looming foreclosures. Unfortunately with this comes scam artists and fraudulent practices which the homeowner thinks they may have saved their home but in the end, they do not!
Make sure you investigate every "investor" or "opportunity" that knocks on your door or calls you to make sure they are legitimate.
Many loan brokers are also renegotiating notes as a public service and for free to help keep you in your home. If you need help to find one in the Las Vegas, NV area, please contact me. This is something you can attempt to do for yourself also!
Here are some resources that could help if your home is in pre-foreclosure or default status (compliments of Teresa Boardman in MN):
- Home Ownership Preservation Foundation (HOPE)
- HUD in Nevada
- Associations for Community Reform Now (ACORN)
- Avoiding Mortgage Fraud (Freedie Mac)
- Nevada Foreclosure Help (NV Department of Business & Industry)
Be aware there are options but make sure you are not getting scammed!
If you are a renter who has been paying the rent but the landlord hasn't been paying the mortgage, please report details to Freddie Mac.
Hi David! Thanks for stopping by and the Christmas card also! That was really sweet.
Elaine: It is a Freddie video and anyone in the public can use it.
You are so right to tell everyone to watch out for scams. Whenever someone is in trouble there will be someone there to try to take advantage of them.
I've found so many scams, just by searching the names of potential investors.