Avoid Scams, "Foreclosure Rescue Consultants" and anyone else who promises you anything
Consumers who are in foreclosure are vulnerable to a wide range of individuals and companies who seek to make money and take advantage of homeowners who are in a desperate situation. Many states have passed strong laws that prohibit and make it a crime for these companies to take money--and take advantage--of homeowners. Before provide any information or any money to any person or company, contact the attorney general in your state or an attorney in your area (and only after verifying that attorney's licensure status) to determine if they are qualified or authorized to provide the services they are offering.
Don't ignore the foreclosure.
The worst thing you can do when foreclosure is coming or already started is to address the situation head on. Gather your facts, talk to your lender, then contact an Attorney in your area immediately so that you understand and can take steps to preserve your rights.
Open, save and respond to all written communications from lenders.
The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.
Contact a HUD approved Counselor or other independent, approved source of information.
The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Find a HUD-approved housing counselor near you or call (800) 569-4287 or TTY (800) 877-8339.
Retain an attorney immediately
The only person you can count on to protect your interests and serve your needs is a properly licensed and qualified attorney who you have formally hired to represents your interests. This is a rapidly evolving area of the law and the issues are constantly changing. You need a strong and informed advocate on your side to make sure your interests are being served.