What Do I Need To Do To Stop a Foreclosure?
Start here if you are buying a home and there's a threat of foreclosure against you.
By: Alaska Legal Services Corporation
Dreams Foreclosed
(Separate Website)
Be aware of a growing scam targeting older Americans that can, and often does, literally cost them the homes they have lived in for years and worked hard to obtain. It is called a FORECLOSURE "RESCUE" SCAM .
By: National Consumer Law Center, Inc.
Consumer Credit Counseling of Alaska
(Separate Website)
Consumer Credit Counseling of Alaska provides consumers with education in regards to credit counseling; debt management repayment plans; money management education; home ownership counseling /education and predatory lending. They are an approved HUD Housing Counseling Agency. Offices located in Anchorage and Fairbanks. Call 1-800-478-6501 to schedule an appointment today or submit info online at www.cccsofak.com
By: Consumer Credit Counseling Service of Alaska
Helping Elderly Homeowners Victimized by Predatory Mortage Loans
(Separate Website)
Equity-rich, cash poor elderly homeowners are an attractive target for unscrupulous mortgage lenders. Many elderly homeowners are on fixed or limited incomes, yet need access to credit to pay for home repairs, medical care, property or municipal taxes, and other expenses. The equity they have amassed in their home may be their primary or only financial asset. Predatory lenders seek to capitalize on elders' need for cash by offering "easy" credit and loans packed with high interest rates, excessive fees and costs, credit insurance, balloon payments and other outrageous terms.
By: National Consumer Law Center
Sixteen Rules About Choosing Which Debts to Pay First
(Separate Website)
You should direct your limited resources to what is most necessary for you or your family-- typically food, clothing, shelter and utility service. Unfortunately, there is no universally applicable list of the order in which debts should be paid. Everyone's situation will be different. Instead what follows are sixteen rules about how to set priorities, from Surviving Debt (National Consumer Law Center, 3rd ed. 1999).
By: National Consumer Law Center
Helping People Avoid Predatory Lending Practices
(Separate Website)
By: Freddie Mac
Home Improvement Scams Alert
(Separate Website)
Many low-income elderly homeowners are targeted by scam artists who use high pressure tactics to sell unneeded and overpriced contracts for "home improvements." Often these scam artists charge more than their quoted prices or their work does not live up to their promises. When the senior refuses to pay for shoddy or incomplete work, the contractor or an affiliated lender threatens foreclosure on the senior's home. In an effort to fight such scams, the National Consumer Law Center focuses this issue of Consumer Concerns for Older Americans on the practices of unscrupulous home improvement contractors. This article concerns information about "Deceptive Sales Tactics", "Deceptive Financing Schemes", "Problems With Contracted Work", and Issues to Consider When Problems Occur.
By: National Consumer Law Center
Don't Be A Victim of Loan Fraud
(Separate Website)
Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Included here are tips for protecting yourself, answers to questions, how to identify fraud, and what is predatory lending.
By: Deptartment of Housing and Urban Development
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