COVID-19 Scammers Duping Homeowners Who Need Help

Dated: April 14 2020

Views: 310

Hey, Everybody! How are you? This is Tony Fuentes once again and I know that we're all feeling nervous about what we're all going through and it's a scary situation. This is the first time all of us have been through a pandemic, but this isn't the only thing we have to be wary of.

We have to watch out for Scammers, too! An article that I read alerted me to scammers who are trying to dupe homeowners who need help at this moment of time. You know there are a lot of people out there that aren't working and they're unable to pay their mortgage. Scammers are taking advantage of this.

The President has signed disaster relief acts and most of the banks and mortgage lenders can do what's called a  forbearance, where the homeowner is allowed to miss a few payments and pay those back the end of their mortgage.

Each bank has the choice of what system they want to use, including how many months they want to give you or when they want you to pay it back. Most people are still confused about how this works because there hasn’t been a lot of information. This is where the Scammers come in.

Beware that BANKS WILL NEVER CALL YOU.

What the Scammers are doing is they're calling people directly and telling them that they can help. They’re saying that you can miss two or three payments and that they will set this up for you. Then they get all your information and use it (and your identity) fraudulently. The truth of these relief methods is that the only way you can get this help is by you calling the bank.

YOU HAVE TO INITIATE THE CALL TO YOUR MORTGAGE HOLDER YOURSELF.

Call for help. Get your mortgage statement and look for the phone number and you call yourself and say to them. “Please. I cannot make these payments now because of the pandemic. How can you help me?”

Your mortgage lender will direct you to the information you need to get help. If you have any questions about this, feel free to give us a call!

The Fuentes Team

888-883-8509.

We're here to help you.

I hope to talk to you soon and be careful! ~Tony

Blog author image

Tony and Elsa Fuentes

A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door. And the way you can instantly envision your life unfolding....

Latest Blog Posts

It Pays to Sell with a Real Estate Agent [2020]

Some HighlightsToday, it’s more important than ever to have an expert you trust to guide you as you sell your house.From your safety throughout the process to the complexity of negotiating the

Read More

Tips to Sell Your House Safely Right Now [2020]

Some HighlightsYour agent now has over 6 months of experience selling houses during the pandemic and can make the process easier and safer for you today.COVID-19 protocols and technology usage

Read More

Winter Will Bring a Flurry of Activity to the Housing Market 2020

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As

Read More

Homeownership Is a Key to Building Wealth 2020

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to

Read More