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Down Payment
Calculators
The Application Process
How Much Can You Afford?
After You Apply
Mortgage Programs
Bi Weekly Mortgage
15 - 30 Yr or Biweekly
Adjustable Rate Mortgages
Your Credit History
FICO Credit Scoring
Loan Points
Closing Costs
Closing Your Loan
Common Buyer Mistakes
Should You Refinance?
Why Rates Change
Rate Locks
Organize Your Documents
What is PMI?
What is APR?
Can My Loan Be Sold?
Glossary of Terms
How Mortgages Work
Mortgage Industry News
Mobile Home Loans
Commercial Financing
Income Opportunities
Investor Services
Mortgage Notes
Bulk Loan Purchases
Foreclosure Alternatives
Workout Program
Short Sale
Repayment Plan
Loan Modification
Avoiding Scam Artist
Summary of Services
Privacy Policy
REO
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| Avoiding Scams |
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| Most of the common scams involve a homeowner surrendering their deed to a 3rd party, renting their homes, or quickly selling their home without negotiating any terms with their lenders. The end result, is the scam artist making a quick buck on the homeowner's predicament and the lender still coming after the homeowner for payment. Surrendering their deed or even selling to a third party does not necessarily discharge the homeowner's obligation to pay the lender unless this has been expressly negotiated with the lender (as is the case in a legitimate "short sale"). A homeowner should be suspicious of any services that claims to exploit bankruptcy laws to delay foreclosure indefinitely or that claims to arrange for the homeowner to sell to a 3rd party that will then lease the home back to them. |
 PRESTIGE MORTGAGE SERVICES |
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