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Watch out for those sites trying to take advantage of you and looking for a foreclosure lead.
Homeowners must be careful when seeking foreclosure advice online. The vast majority of websites offering to help stop foreclosure are really only looking for a lead they can sell to someone. They sell your lead typically to either a realtor/investor or a broker. Unfortunately neither one of those has your best interests at heart.
The realtor or investor is only trying to look for a good foreclosure deal they can buy. For the large majority of homeowners this is of no help. They only time this may help is if you're in a situation or you just need to dump the house and move on. They will only buy your property if there is some equity in the home. If there is no equity they are not to be interested in it.
The broker that will get your lead is looking to try refinance you to stop the foreclosure. This may in fact help some people in the short term but if you can qualify this will be very expensive. The majority of homeowners will not be able to qualify for refinance because of the foreclosure on the record.
The bottom line is to do your research on the company you are sending information to before you hit the send button. Look into their companies history on the Better Business Bureau and try to ascertain what their intent is. If they list affiliates on their website they are definitely trying to sell your lead to the highest bidder. Please review the companies we have listed in our Company Resource Center. We have tried to separate those companies are merely seeking leads and those actually trying to help.
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IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.