Things to consider:

  • Before you use the services of a mortgage broker or lender:
    • You should make sure they are properly licensed
      • Check License Status
  • Before you apply for an adjustable rate, interest only or payment option mortgage see the following important information:
    • “Consumer Handbook on Adjustable Rate Mortgages”
    • “Interest-Only Mortgage Payments and Payment-Option ARMS – Are They for You”
  • If you think you have been wronged by a mortgage broker or lender and they are:
    • Licensed by the Department of Real Estate
      • Here is how to contact us
      • Here is how to file a complaint
    • Licensed by the Department of Corporations
      • Consumer Complaint Form

  • If you are behind in your mortgage payments or are in default:
    • HUD - How to Avoid Foreclosure
      • Foreclosure Counseling Services
      • Federal Housing Administration (FHA)
    • Homeownership Preservation Foundation
    • Advance Fees and Loan Modification Services
    • Mortgage Fraud Schemes (plus YouTube Video)
    • Consumer Alert - Mortgage Foreclosure Scams
    • New Rules on Foreclosures as of July 8, 2008

0