Educational Consumer Tips

Foreclosure Services

Author: Better Business Bureau
Category: Finance

These companies typically offer to stop foreclosure on your home and assist in obtaining a repayment plan from your mortgage company. Some companies may make reference to your mortgage company in their solicitation, implying an affiliation, or may use other insignia or names that imply a relationship or affiliation with a mortgage company or government agency.  Despite their claims, these companies do not have affiliations with any government agency or any special relationship with your mortgage company. Nor do they, as they may imply, have the ability to obtain more lenient repayment terms than you may be able to obtain by contacting your mortgage company directly. Complaints concerning similar offers allege that these companies misrepresent their ability to stop foreclosure, fail to perform services as promised, and generally deny requests for refunds based on non-performance.