You knew it was only a matter of time
The Homeownership Preservation Foundation sent out a warning today that people are trying to profit off borrowers in danger of foreclosure by mimicking the "HOPE hotline" with similar names and telephone numbers. (I've received one of those emails, as it happens. Is this the new "in" thing in spam?)
The foundation, part of the HOPE NOW Alliance formed months ago, said the actual number is 888-995-HOPE.
In a press release, the group offers these recommendations:
Avoid any websites, phone numbers, or companies and individuals requesting up-front payment of fees or claiming to be affiliated with the 888-995-HOPE™ or the Homeownership Preservation Foundation. Services provided by the Homeowner’s HOPE™ Hotline and our affiliates are absolutely free to consumers and accessible only by calling 888-995-HOPE.Never grant access to bank accounts, provide Social Security numbers, write a check, wire money, or otherwise pay for counseling sessions.
Never turn over the deed to a home to people claiming to be “counselors” or sign legal agreements that you do not understand.
Never pay money to a third party promising to bring a mortgage current or begin a repayment program. Such payments should only be made directly to a mortgage servicer.
You can see HUD's list of approved Maryland housing counseling agencies HERE.
