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Facing foreclosure is scary enough, but those Floridians seeking to avoid foreclosure have to be wary of foreclosure scams as well. There are numerous "foreclosure assistance" and "foreclosure counselling firms" who promise to stop foreclosure, only to take money and give nothing in return.
About a year ago, the Florida foreclosure fraud protection act became law. In a nutshell, the law requires any non-lawyer offering to help stop, delay or avoid foreclosure to provide a written agreement and to accept payment only when all services have been provided. The law is designed to deter those "foreclosure consultants" who, with little or no credentials, take money from unsuspecting homeowners and simply disappear.
The act will not stop scam artists from trying to take money from people facing foreclosure. However, homeowners who know their rights are better able to avoid such scams.
Be wary of anyone who calls unsolicited offering to "stop foreclosure" or any advertisement promising something similar.
The Florida attorney general's website offers more useful information on avoiding foreclosure scams as well as a list of companies currently under investigation. For more information visit www.myfloridalegal.com
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