In the past week, according to HousingWire.com, the Consumer Financial Protection Bureau is working toward adding additional measures to make sure that homeowners going through foreclosure are being treated fairly by mortgage companies . Some of the measure include:
Anyone who owns a home knows the thrill of being able to have a place to call his or her own. Although no one ever really expects to lose his or her home, unforeseen financial troubles can occur and sometimes people are no longer able to make their mortgage payments. When that happens to someone in the Tampa area, or elsewhere, he or she needs to understand all of the implications.
Anyone facing a foreclosure in the Tampa area should be aware of his or her rights. There are options available but a person should also know that although there are valid methods to find help, there are also foreclosure scams. It's important to understand the differences between the two.
Financial challenges are still a stressful and sad part of life that many Floridians are experiencing. As a normal and common part of these challenges, foreclosure still looms over the heads of millions of Florida homeowners. It can be an uncertain, scary, and highly stressful time for families. If you’ve received a court letter advising you that your home is about to be repossessed, you may not know where to turn or what to do.
Consumers are being warned to watch out for online companies that use deceptive businesses practices to trick people with financial challenges into believing they're going to receive mortgage assistance. The Federal Trade Commission and consumer advocate agencies are cracking down on companies that can scam a family out of hundreds or even thousands of dollars, without delivering on their promises. Florida residents are urged to fully check out an online company before doing business with them.