Hawaii Community Stabilization Initiative

There isn’t just one type of person; it could happen to anyone. Financial problems can cross all ages and backgrounds and it’s happening in every community on every island…

You might get an email or a telephone call. Maybe you’ll get an official looking letter in the mail or even spam in your computer. Be smart, know your options…

Hundreds of Hawaii families are struggling with mortgage payments. The last thing they need is a mortgage scam…

Warning signs that you may be dealing with a mortgage foreclosure scam operator

If the company:

Demands a fee in advance. No legitimate organization that works with borrowers to avoid foreclosures will ever ask for money upfront.
Offers to negotiate a loan modification for you for a fee.
Advises you to stop making mortgage payments.

Tells you to send your mortgage payment to anyone other than your loan servicer.
Instructs you to transfer ownership of your property.
Makes verbal promises that aren’t put in writing.
Asks you to sign a document that has blank lines or spaces.

Source: “Beware of Foreclosure Rescue and Loan Modification Scams” – Federal Deposit Insurance Corporation