If you are <a href='http://foreclosurerescueinformation.blogspot.com/2008/04/yes-there-are-ways-to-rescue-your-home.html'>looking for help</a> in stopping a foreclosure against your home, you should be aware of the following:

1.) Most foreclosure rescue services are scams.
2.) Fee-based foreclosure rescue companies often provide services that you can perform by yourself.
3.) Your mortgage holder is most probably very interested in working with you to avoid foreclosure.

One scam masquerading as foreclosure help is known as 'equity stripping' or 'equity skimming.'
You may have already been introduced to this scam if a complete stranger, read scammer, offered to help you
stop foreclosure by asking you to transfer your home's title to him. This transfer would
then be followed by the scammer renting your own home back to you or selling it back to you at a later date.
The scammer steals your equity by charging outlandish fees and not making the mortgage payments.

Loss mitigation companies offer to perform all of the negotiating with your mortgage lender on your behalf,
but, for the most part, the help that they provide is nothing more than an illusion. You can contact your
mortgage lender on your own and negotiate by yourself for free. Loss mitigation companies do not appear to
be scams as they are providing valuable services, but the decision that you have to make is whether or not it
is to your benefit to 'subcontract' out this type of foreclosure assistance. That is, are you capable of
successfully negotiating with your mortgage lender a new deal that is acceptable to your lender and to you.

In spite of what you may think, your mortgage lender is your biggest ally in obtaining foreclosure assistance.
While your lender is running a business and foreclosures are a necessary part of that business, your lender
is also trying to run a 'good' business and helping you avoid foreclosure is a necessary part of running that
'good' business. If you want to stop foreclosure, contact your lender and work with it.

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