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My Article on “Mortgage Elimination” Scams is Now on Realtytimes.Com
As I mentioned back at the beginning of February, I am now a contributing columnist on RealtyTimes.com, a leading real estate industry web site that over the last few years has become one of our most informative and timely sources of news and information.
Here’s a preview of my second article:
Eliminate Your Mortgage in Less Than a Year?:
By Ralph R. Roberts, CRS, GRIBanks, mortgage companies, and other lenders offer plenty of legitimate ways to eliminate a mortgage. You can borrow less, refinance for a shorter-term loan at a lower interest rate, make payments every two weeks rather than every month, pay a little extra each month toward the principle, or sell the property.
Now, there’s an even better way. Dozens of companies promise to help homeowners completely eliminate their 30-year mortgages in a matter of months for a flat fee of only a few thousand dollars up front!
What a deal! For three thousand bucks or so, all you have to do is kick back in your lounge chair twiddling your thumbs, and in less than a year, you can own your home free and clear, even if you’re facing foreclosure! Even better, you may qualify to cash out tens of thousands of dollars in equity!
Here’s how a typical mortgage elimination scam works:
So, how exactly do these mortgage elimination scams work? To find that out you’ll need to read the article in its entirety by clicking here. And, as I mentioned in February, more of my articles can be found on RealtyTimes.com about once every month or so.
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