Bay Area California Home Foreclosure Tips For Seller

California Bay Area has a rise in foreclosures. With the rise in Bay Area foreclosures comes a lot of scams from people trying to take advantage of home sellers. Beware and don’t let the bottom feeders take advantage of you! View California Bay Area foreclosures here

legitimate sources to help foreclosure sellers with foreclosures.

California Association of Realtors list a few thing to watch our for if you are or might become in foreclosure

• Asks for money upfront before providing any service
• Instructs you not to contact your lender, lawyer, housing
counselor, family, friends, or others
• Asks for mortgage payments to be made directly to his or her
company or a bank account set up by that person, rather than
your lender.
• Requires payment only in the form of cash, cashier’s check,
or wire transfer
• Promises to stop the foreclosure process, no matter the
circumstances
• Advises you to transfer your property deed or title to his or
her company
• Offers to fill out paperwork for you
• Asks for something to be done immediately and without delay.
This includes pressuring you into signing paperwork that you
have not had the chance to read thoroughly or do not fully
understand
• Encourages you to lease your house and buy it back
over time
• Offers to buy your house for a fixed price that is not set by the
housing market at the time of sale
• Asks for you to give a power of attorney
• Asks for signatures on a grant deed or deed of trust
• Asks for signatures on a document that has lines left blank
• Fails to provide copies of signed documents
• Refuses or fails to put an oral promise in writing

California Bay Area Contact if you want additional information and refferals on foreclosures help

No comments yet. Be the first.

Leave a reply