We'd all like to reduce our mortgage payments, but how do you know the business making the promises can deliver?
When it comes to mortgage relief, there's a major giveaway that the business you're dealing may not be legitimate.
If they demand upfront money, they have to provide you with a lot of information.
You don't need to pay a penny until you have a written offer for a loan modification or relief from your lender, you accept the offer, and you must receive a document from your lender showing those changes to the loan.
If that is not provided, don't pay and walk way.
Another giveaway of potential problems is if you're asked to sign a blank sheet of paper.
In a recent Attorney General case, it is alleged the business made a person sign a paper that wasn't attached to any document.
Always make sure you know exactly what you're signing, and that there are no blank spaces if it's a contract.
If you're having trouble with your lender, call them first.
Then try the Arizona Foreclosure Prevention Hotline at 877-448-1211 or go to their website.