Facing Real Estate problems in Palm Coast?

In todays economical troubles, if you are facing mortgage foreclosure, here are some tips to help you through it.

Don't fall for promises like "We'll save your credit"; "We'll buy your house 'as is'"; or "We'll get you a new mortgage with low monthly payments."

Don't sign away ownership of your property (sometimes called a "quit claim deed") to anyone without the advice you trust.

Beware of any home sale contract where you aren't formally released from liability for your mortgage. Also, make sure you know what rights you're giving up and that you agree to giving them up.

Do call your mortgage company or lender if you're in trouble. Ask for the loss mitigation department. Contrary to popular perception, lenders don't want to steal your house.

Don't call for assistance from one of those ubiquitous signs on telephone poles that advertise help. Chances are, that's not where help lies.

On the same note, here is some advice that may affect someone facing foreclosure....

"Proceed with caution, if a company or person:

Describes itself as a "mortgage consultant," "foreclosure service," or "agent" who can help with your current situation;

Collects a fee before giving any services;

Advertises to people whose homes are listed for foreclosure, including anyone who sends fliers or solicits door-to-door offering to assist with avoiding foreclosure."

And there is more.... Advice is cheap. Good advice usually costs money, so pay heed to the following:

Don't sign anything that has any blank spaces. Information could be added later that you didn't agree to. (Yes, it happens.)

Never sign a contract under pressure. Always know exactly what you're signing. Take your time to review the paperwork thoroughly -- ideally with a lawyer or licensed real estate professional who only represents your interests.

Never make a verbal agreement. Get all promises in writing and get full copies of everything.
Deals that sound too good to be true, usually are...

Just remember the free lunch rule:

There isn't one.