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09.27.07 Do Your Work-Out the Right Way

MP3 Audio: 09.27.07 Do Your Work-Out the Right Way (0.91mb) Download

By: David Bach visit website

Genre: personal finance/

Tags: investing, millionaire, personal finance, real estate

David Bach's Finish Rich Minute is brought to you by Wells Fargo Home Mortgage, a division of Wells Fargo Bank N.A., Equal Housing Lender and founding sponsor of The Great American Homeowner Challenge TM.

Hi, this is David Bach.  The FBI reports foreclosure fraud is at an all time high- having received more than 35,000 mortgage fraud reports last year- totaling almost 1 billion dollars.  Foreclosure fraud usually involves a company claiming that they can help you keep your home.  These "rescue scams" result in the homeowner losing the equity in their home or even signing away ownership completely- without even realizing it.  If anyone approaches you with an offer that sounds too good to be true.  Walk away.  Instead, contact your lender directly for a bona fide work- out strategy.  I'm David Bach.  For more tips on smart homeownership, visit my website at davidbach.com.

Visit davidbach.com for mortgage information and to find a branch near you.


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