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Do not respond to demands for money before services have been rendered. Most states make it illegal for a "foreclosure consultant" to ask for an up-front fee. All contracted services should be completed before any money changes hands. A scam artist will ask for a fee up front and then do nothing to help you save your home.

Don't sign a Quit Claim Deed or Deed of Trust giving title in whole or part to a third party as in a "rent" or "sale/leaseback" scam. Although you may be able to avoid a foreclosure showing up on your credit report by giving the lender a deed in lieu of foreclosure, giving title to your home to a third party does not necessarily relieve you of your legal obligation. In many cases the hidden clauses in any paperwork may cost you your home after all.

Don't be pressured into signing a contract or incomplete document regarding your home without reading and understanding it beforehand.

It's very convenient for contract pages to end before allowing room for signature lines. The signature line then appears at the bottom of another blank page making it easy to attach it to another document. The paperwork presented by the scam artist often tends to be very complex and complicated making it easy to hide critical phrases and conditions allowing them to defraud the signer.

Another fraudulent technique scam artists use is to present you with stacks of paperwork and, of course, they don't sit there and explain anything to you.

Safeguard yourself and your home against loss to a foreclosure scam!

Learn more about this author, Lynnette Phillips.
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