Beware of Philadelphia phony foreclosure prevention hotlines

Beware of Philadelphia phony foreclosure prevention hotlines

Colleen Hernandez Executive Director and President of Homeownership preservation foundation (HPF) has warned “Beware of Philadelphia phony foreclosure Beware of Philadelphia phony foreclosure prevention hotlines. Colleen Hernandez Executive Director and president of Homeownership preservation Foundation has warned “beware of Philadelphia phony foreclosure prevention hotlines”. There are a number of illegal hotline services offering services to homeowners which are fraudulent in nature. Currently the only official hotline foreclosure prevention free service offered to struggling homeowners is HOPE.

Homeownership Preservation Foundation offers a national bilingual personalized assistance throughout the week round the clock through hotline 888-995-HOPE (4673). Recently many illegal companies having similar hotline like 800-995 HOPE offer help to pay off mortgages or save their home collect huge charges to the already struggling homeowners. Many homeowners had already lost thousands of their precious dollars to these fraudulent counselors. So, beware of Philadelphia phony foreclosure prevention hotlines. HOPE hotline has access with HUD approved counselors. These counselors examine the situation along with their callers and work out a better solution according to their financial crisis. With HOPE consumers can he sure to have a place to address their doubts of foreclosure and look forward for a lasting solution of their homeownerships. Homeowners are hereby advised not to encourage a third party in settling mortgage or repayment program nor to disclose their bank account or Social Security number or pay for the counseling. Any one who has been a victim of phony foreclosure prevention operators can contact Federal Trade Commission (FTC) or law enforcement.