Nebraska Foreclosures Rate Soars
According to a house foreclosures report, Nebraska foreclosures rate has already increased by 144 percent since March 2006. Currently, the state has the 25th highest foreclosure homes rate with one out of every 2,013 homes entering some stage of foreclosure.
As the number of Nebraska foreclosures increases, so is the number of predatory individuals preying on these desperate homeowners. These “companies” usually make offers to help these owners to cure their mortgage default. Experts have advised homeowners to be very cautious when approached by these unscrupulous individuals.
For starters, owners should refrain from paying any upfront fees. Many of these people usually disappear after receiving payment for bogus fees and costs. Another warning sign that owners are dealing with a suspicious person is when they are asked to sign documents transferring the property’s ownership to them. Owners should remember that any transfer of property title is only done upon completion of a sale transaction, where the property’s ownership is transferred from the seller to the buyer.
These foreclosure “rescuers” are considered to be very resourceful. They use information available on the internet to look for distressed homes. They would usually call owners or even visit them personally. Unfortunately, many homeowners fall victims to these people due to lack of information about foreclosure proceedings.
To verify these persons’ identities, owners can get a list of accredited financial counselors from the Department of Housing and Urban Development. They could also hire lawyers and have the documents given to them checked.
If you are a homeowner facing foreclosure, you should realize that there are plenty of options you can explore to stop foreclosure. Aside from re-financing or loan re-structuring, owners, who have considerable equity on their property, can always consider selling their homes with the assistance of foreclosure experts like ForeclosureConnections.
