Advocacy Loan Rangers Preditory Lending Flyer - Foreclosures
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In Fear of Foreclosure? Beware of 'Rescue' Frauds That Steal Money and Homes Stop Foreclosure Immediately! Sign up for help with your monthly payments and sign away your mortgage troubles — as well as the title to your home. The Pitch: This scammer promises to talk with your lender to solve your mortgage problem. He demands a fee up front or tells you to make your mortgage payments directly to him. The Scam: The "rescuer" does nothing – and disappears with your money. WARNING: WARNING: FORECLOSURE 'RESCUE' SCAMS CAN LEAVE YOU HOMELESS FORECLOSURE 'RESCUE' SCAMS CAN LEAVE YOU HOMELESS To learn more about foreclosure rescue scams and other predatory lending practices and tips on better alternatives, go to our website: www.habitatnyc.org . Habitat for Humanity - New York City 111 John Street, 23rd Floor New York, NY 10038 212-991-4000 NEVER sign your deed over to a "rescue" com- pany or third party. Tip If you are having trouble paying your mortgage, you may get calls, letters or visits from people and companies promising to "save your home." Beware! Mortgage rescue scams are flourishing – and can leave you penniless. Watch out for offers that "seem to good to be true." Beware if the "rescuer" pressures you to sign papers fast, pay money up front, lease your home or sign over your deed. How Do Foreclosure Rescue Scams Work? Loan Modification Lease / Buyback The Pitch: This scammer tells you to sign over the deed to your house to someone with better credit. He promises that you can buy the house back after you fix your credit. The Scam: Once you sign over your deed, the "rescuer" evicts you and sells your house. Bait and Switch The Pitch: This scammer pressures you to sign papers for a “rescue loan" really fast – without reading them. The Scam: The papers actually assign your home to the scammer. Tip If you have trou- ble with your mortgage, don't wait. Get free advice from trustworthy nonprofit and government agencies (see list on back of flyer). Tip If you get court papers in the mail about a "mandatory set- tlement confer- ence" with your lender, answer IMMEDIATELY! Your settlement conference is designed to help you work things out with your lender.
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Advocacy, Loan Rangers, Preditory Lending, Flyer, Foreclosures
Transcript of Advocacy Loan Rangers Preditory Lending Flyer - Foreclosures
In Fear of Foreclosure? Beware of 'Rescue' Frauds ThatSteal Money and Homes
Stop Foreclosure Immediately!Sign up for help with your monthlypayments and sign away yourmortgage troubles — as well as the
title to your home.
The Pitch: This scammer promises to talk with your lender to solve your mortgageproblem. He demands a fee up front or tells you to make your mortgage paymentsdirectly to him.
The Scam: The "rescuer" does nothing – and disappears with your money.
WARNING:WARNING:FORECLOSURE 'RESCUE' SCAMS CAN LEAVE YOU HOMELESSFORECLOSURE 'RESCUE' SCAMS CAN LEAVE YOU HOMELESS
To learn more about foreclosure rescue scams andother predatory lending practices and tips on betteralternatives, go to our website: www.habitatnyc.org.
Habitat for Humanity - New York City111 John Street, 23rd Floor
New York, NY 10038212-991-4000
NEVER sign yourdeed over to a"rescue" com-pany or thirdparty.
Tip
If you are having trouble paying your mortgage, you may get calls, letters orvisits from people and companies promising to "save your home." Beware!Mortgage rescue scams are flourishing – and can leave you penniless.
Watch out for offers that "seem to good to be true." Beware if the "rescuer"pressures you to sign papers fast, pay money up front, lease your home or signover your deed.
How Do Foreclosure Rescue Scams Work?Loan Modification
Lease / BuybackThe Pitch: This scammer tells you to sign over the deed to your house to someonewith better credit. He promises that you can buy the house back after you fixyour credit.
The Scam: Once you sign over your deed, the "rescuer" evicts you and sells your house.
Bait and SwitchThe Pitch: This scammer pressures you to sign papers for a “rescue loan" really fast– without reading them.
The Scam: The papers actually assign your home to the scammer.
TipIf you have trou-ble with yourmortgage, don'twait. Get freeadvice fromtrustworthynonprofit andgovernmentagencies (see liston back of flyer).
TipIf you get courtpapers in themail about a"mandatory set-tlement confer-ence" with yourlender, answerIMMEDIATELY!Your settlementconference isdesigned to helpyou work thingsout with yourlender.
PROTECT YOUR HOMEFROM FORECLOSURE SCAMS
Get Real Help with Your MortgageFrom Nonprofit Groups — for Free!
Habitat for Humanity - New York City111 John Street, 23rd Floor
New York, NY 10038212-991-4000
This message is brought to you by Habitat for Humanity – New York City,working to empower Habitat homeowners and all low-income New Yorkers.
Report Scammers to theGovernment!Federal Trade Commissionhttps://www.ftccomplaintassistant.gov
The FBIMortgage Fraud Onlyhttps://tips.fbi.gov
New York State Attorney General’s OfficeConsumer Frauds and Protection Bureau800-771-7755http://www.oag.state.ny.us/bureaus/consumer_frauds/about.html
New York City Department of Consumer Affairs(DCA)False Advertising OnlyNew York City’s 311 line
District Attorney’s offices:
Protect your-self and yourneighbors:Report scamartists to thegovernment
Tip
The Center for New York City Neighborhoods(CNYCN)The Center for New York City Neighborhoods can putyou in touch with a nonprofit agency that gives helpfree of charge. Call 311 to find out more.
The New York State Banking DepartmentThe Banking Department keeps a list of nonprofithousing counselors which give help free of charge.1-877-BANK-NYShttp://nysdhcr.gov/Programs/ForeclosurePrevention/CounselListing.htm
Union Member?Call your union to see if you can get union-sponsoredlegal help. These unions provide legal help for members:
Brooklyn:Bronx:Queens:Staten Island:Manhattan:
718-250-2311718-838-7040718-286-6673718-556-7186212-335-8900
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Red FlagsAvoid foreclosure "rescue" companies that:
Promise to stop your foreclosure and resolve your problems, no matter what;Ask you to pay money before you receive services.
Be very cautious if the "rescuer" tells you:Your foreclosure or default is easy to fix;Not to respond to court papers;To stop making payments to your lender in order to "qualify for a refinance;"Not to talk to your lender, lawyer or credit or housing counselor;To sign paperwork in a hurry, before you have had a chance to read it or run it by a lawyer;To sign over your deed to someone else.
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DC 37 AFSCME:Teamsters Local 237:SEIU Local 32 BJ:
212-815-1111212-924-1220212-388-3499
