Difficulty Paying Mortage

The fear that you may lose your home because you can't make your mortgage payment can be overwhelming. If you are having trouble making ends meet, there are options, and bankruptcy is only one of those options.

We can help you evaluate your situation and determine the best course of action for you. If you are behind on your mortgage payments, contact Machi & Associates, P.C. today.

I Can't Pay My Mortgage

If you are having trouble making your mortgage payments, there are options. We may be able to help deal with your lendor. The government does have options for those struggling in the down economy.

Beware of Scams When Searching for Help with Mortgage Payments

The Federal Trade Commission encourages you to watch out for these scams when you are looking for help with your mortgage:

Scam artists follow the headlines, and know there are homeowners falling behind in their mortgage payments or at risk for foreclosure. Their pitches may sound like a way for you to get out from under, but their intentions are as far from honorable as they can be. They mean to take your money. Among the predatory scams that have been reported are:

  • The foreclosure prevention specialist: The "specialist" really is a phony counselor who charges high fees in exchange for making a few phone calls or completing some paperwork that a homeowner could easily do for himself. None of the actions results in saving the home. This scam gives homeowners a false sense of hope, delays them from seeking qualified help, and exposes their personal financial information to a fraudster. 

    Some of these companies even use names with the word HOPE or HOPE NOW in them to confuse borrowers who are looking for assistance from the free 888-995-HOPE hotline.

  • The lease/buy back: Homeowners are deceived into signing over the deed to their home to a scam artist who tells them they will be able to remain in the house as a renter and eventually buy it back. Usually, the terms of this scheme are so demanding that the buy-back becomes impossible, the homeowner gets evicted, and the "rescuer" walks off with most or all of the equity.
  • The bait-and-switch: Homeowners think they are signing documents to bring the mortgage current. Instead, they are signing over the deed to their home. Homeowners usually don't know they've been scammed until they get an eviction notice.