protecting yourself from a harp scam

Protecting Yourself From A HARP Scam

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It is sad to think about it, butunfortunately there are people outthere that are using the HomeAffordable Refinance Program thatwas put together by the governmentto scam homeowners out of theirprivate information. This information,as you can imagine is of the utmostimportance as it typically includesyour social security number,address, income information andplenty of other information that thirdparties could use to steal youridentity.



HARP was created in order to helpunderwater homeowners and that isexactly what it does – but it is importantthat you understand what to watch outfor to ensure that you are dealing with areal lender and not someone trying tosteal your identity.



What is HARP?

HARP is a government created program thatmakes it easy for homeowners to refinance theirhome, despite being underwater. There are veryfew stipulations regarding the program, makingwidespread availability possible for millions ofhomeowners. The idea of the program is to helphomeowners stay in their homes rather than haveto succumb to foreclosure due to being unable toafford their current mortgage payments.



Avoiding a Scam

HARP is meant to help homeowners and it does,as long as the necessary precautions are taken.Before providing your information to just anyonethat claims to have the “best deal” for you, it isimportant to know what to watch for to preventbeing taken by a scam.



The following factorsare a clue that youare dealing with a

SCAM:



If the person soliciting your informationrequires an upfront payment; it is notgovernment related. HARP is a free programthat does not cost anything with theexception of the closing costs, which arepaid at the closing of your mortgage.



Papers do not need to be signed right away. Ifyou are feeling pressured to sign papers orprovide your private information, proceed withcaution.



Third parties do not need to get involved in theprocess. You should be dealing directly withyour lender of choice. If a third party insists ongathering your information and handling yourphone calls, chances are it is a scam.



If the person that you deal with consistentlypushes you to input your information online,forwarding you to websites that look fishy,avoid them.

Any websites that you deal with should havethe official HARP logo.



Mortgage payments should strictly be made tothe mortgage company, never to a third party.



Check the company out with the NationalMortgage Registry or Better BusinessBureau before providing any information.



All Help Should be FreeThe bottom line is that if the program seems too good to be true,

chances are it is. Do your homework, perform your research and

follow your gut when it comes to determining whether you are dealing

with a legitimate source or not. Scam artists understand the anguish

that anxious homeowners are under that are struggling to make their

mortgage payments and they prey on that. These scam artists will

make promises that will not be kept and in the end will steal your

private information and possibly your identity, not to mention any

money that you pay them. There are definite ways to determine if you

are dealing with a scam that only take a few simple minutes. These

few minutes could preserve your financial wellbeing and your state of

mind, not to mention avoid an unnecessary foreclosure or short sale

of your home. HARP is a great program that has helped millions of

people keep their home and save money every month; make sure you

are one of them by avoiding a scam.BLOWNMORTGAGE.COM

LENDER HOTLINE: 888-581-5008


T O L E A R N M O R EBLOWNMORTGAGE.COM


C L I C K H E R E



Justin McHood is Americas MortgageCommentator and has been providing

Mortgage commentary for over 10 years.

INFORMATION PROVIDED BY: JUSTIN MCHOOD

MORTGAGE COMMENTATOR

Information Originally Published: January 16, 2015BLOWNMORTGAGE.COM


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protecting yourself from a harp scam

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