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You can avoid becoming the victim of a foreclosure scam

If you're facing the possibility of foreclosure because you've gotten behind on your mortgage payments, you may be willing to consider any option that will let you keep your home. Unfortunately, there are a lot of unscrupulous people out there who prey on people who are in this position with foreclosure scams that make money for them. They may charge large "service fees" or even trick people into signing over their homes.

Louisiana among states with greatest foreclosure increases

Overall throughout the U.S., the number of foreclosure filings fell during the first half of the year. The total number was down over 296,000 from the first six months of 2018. That's an 18% drop in a year and a whopping 82% decrease from 2010. Those numbers are from ATTOM Data Solutions, which recently published its Midyear 2019 U.S. Foreclosure Market Report.

Mississippi leads the nation in delinquent home loans

In the first quarter of this year, Fannie Mae and Freddie Mac reported that they prevented nearly 39,000 foreclosures. According to the Federal Housing Finance Agency (FHFA), these two government-sponsored enterprises (GSEs) have stopped over 4 million foreclosures since the height of the recession in Sept. 2008. In the majority of cases (over 3,600,000), homeowners were able to remain in their homes.

Are you familiar with your foreclosure rights?

When you borrow money to pay for a home, you're expected to repay it as agreed upon in the terms and conditions. If you miss a mortgage payment, it's imperative to catch up as soon as possible. Also, reach out to your lender to discuss your situation with them and to determine if there's anything they can do to help.

McBride Law Firm

McBride Law Firm
301 Jackson Street Suite 101
Alexandria, LA 71301

Phone: 318-625-0471
Phone: 318-625-0471
Fax: 318-445-8066
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