Foreclosure scams are a growing concern for homeowners in New Jersey. These scams can lead to significant financial loss and even the loss of your home. It’s crucial to understand how these scams work and how to protect yourself.
Common Types of Foreclosure Scams
- Loan Modification Scams: Scammers promise to negotiate with your lender for a fee but provide no real assistance.
- Fake Government Programs: Fraudsters pose as government agencies offering foreclosure relief programs that don’t exist.
- Foreclosure Rescue Scams: Scammers claim they can save your home if you sign over the title, only to sell the property and evict you.
Red Flags to Watch Out For
- Requests for upfront fees or payments.
- Guaranteed results or promises to stop foreclosure immediately.
- Pressure to sign documents without adequate review.
- Offers to transfer your property title.
Legal Protections for NJ Homeowners
New Jersey and federal laws provide various protections against foreclosure scams. Knowing your rights can help you avoid falling victim to these schemes.
Steps to Take if You Suspect a Scam
- Contact a foreclosure defense attorney immediately.
- Report the scam to state and federal authorities.
- Do not make any payments or sign any documents without consulting an attorney.
How a Foreclosure Defense Attorney Can Help
An experienced foreclosure defense attorney can help you navigate the complexities of foreclosure scams. They can review any suspicious offers, provide legal advice, and represent you in court if necessary.
If you suspect you’re being targeted by a foreclosure scam or need legal assistance, contact us at (973) 500-8024 or (212) 960-8308, or submit your contact information below for a consultation.
