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
