Home ownership is most people’s dream come true. Don’t let it become a nightmare.
1. Real Estate Fraud
Someone forged my signature on a Grant Deed. The document says my property now belongs to someone I dont even know.
Contact your state’s real estate commission.
2. Unlicensed Contractors
I hired a guy who said he was licensed to make repairs to my kitchen. He started the work but never finished. I found out he isnt licensed and that he recorded a mechanics lien against my house.
Never hire an unlicensed contractor.
3. Foreclosure Consultants
When I got behind on my house payments, I started getting mail from people saying they could save my home. I signed a contract with a guy who promised to make up the back payments and help me get a new loan. He didnt do any of that. Instead, he sold my house to somebody else and now Im being evicted.
If youre behind on payments, call your mortgage company and work out a payment plan.
4. High Interest Loans
I thought I was getting a good deal on a refinance. Turns out, the interest rate is way too high and they charged me all kinds of junk...