Avoid Foreclosure Scams

In California, the first legal notice that sets the foreclosure process in motion is the “Notice of Default”, often called by investors “N O D”.

This notice is filed with the county recorder, and becomes public record. Anyone searching public records can find it. Foreclosure data companies such as RETRAN, REDLOC, REALTY TRAC, and many others republish these public records daily.

If a Notice of Default has been filed against your home, you may be surprised at the number of phone, mail and even email solictions you receive.

While many of these contacts are from legitimate investors, be aware there are many scammers that also troll public records on a daily basis.

Some scammers may offer to take over your mortage payment while you get back on your feet, or even give you some cash, if you deed your property to them. Then they’ll offer to rent the home back to you.

You think they are going to make the mortgage payment for you, but they don’t. They will simply pocket the money you are paying in rent. Since you are still responsible for the mortage, you still loose the house.

More information at http://www.consumerlaw.org

If you are interested in purchasing any of the properties you find featured on our Foreclosure Listings page we have highly qualified agents ready to assist you. 

If you need to discuss the possibility of a short sale on a home you now own, we have experienced short sale agents on our staff. 

Bob Taylor Properties, Inc.
5526 North Figueroa Street,
Los Angeles, CA 90042
323.257.1080
bobtaylorproperty@gmail.com
DRE# 01304057