Stop Foreclosure Answer

The Federal Reserve Board has just announced that it is going to run ads in movie theaters to warn homeowners about foreclosure scams. These ads will appear in movie theaters in 14 cities with high foreclosure rates.

The first ads will run before movie previews in theaters in the states of Arizona, California, Georgia, Florida, Michigan, Nevada and Ohio. These states have been hard hit by foreclosures. In this pilot, the ads will run for 1 week starting on April 9^th.

This is the first time that the Federal Reserve Board has ever run anything like this. Many firms have started to offer help to homeowners who are in foreclosure to save them homes. Unfortunately not all of these firms are reputable. Some are charging for services that homeowners can obtain for free. Others charge them for services they never follow through on.

If you are in foreclosure right now or if you feel that you will be facing foreclosure, you cannot afford to become a victim of a foreclosure scam. It will just add to the worry and increase the anxiety that you are already experiencing.

So before you contact any firm to help you, please check them out totally. Contact your local Better Business Bureau to find out if any complaints have been filed against them. Also contact your local Bar Association. If there is a state run Consumers’ Affairs office in your area, please contact them too.

It’s better to check completely before you start so that you don’t become a victim of one of these scams.

Much Success,

Mark Elkins