The National Mortgage Complaint Center is Warning All US Homeowners About Mortgages, Foreclosure Scams and the Future

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Americas Watchdog's National Mortgage Complaint Center is warning all existing US homeowners about a seemingly endless amount of new mortgage scams, or schemes, designed to do little more than separate homeowners from their hard earned money. The group is saying, "while we do believe interest rates are going up, and homeowners with really good credit, and actual equity in their home should refinance, if they are paying more than 6% on their existing mortgage; don't fall for some telemarketing scam artist saying you have just qualified for a home loan, or a unsolicited mailer saying you are qualified for a new home loan." The National Mortgage Complaint Center is also saying, "for those of you in foreclosure, don't fall for one of theses scam foreclosure TV ads talking about President Obama, or saying they can help you with a bank. If you call these frauds, the first thing out of their mouth will be, send us $3000 to $5000, and we will try to get you some help." For more information please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at Http://NationalMortgageComplaintCenter.Com

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a TV commercial comes on with a picture of President Obama, and says we can help you. The part they forgot to say is, we may, or may not be able to help you, but before we talk, we need $3000 to $5000 from you up front. Don't do it.

Americas Watchdog's National Mortgage Complaint Center is one of the most quoted sources in the US related to predatory mortgage lending. The group is warning all US homeowners about new mortgage scams that include everything from loan modifications, to loan foreclosures, and/or mortgage firms that are trying to refinance homeowners via telemarketing, or phony mailers that were not solicited by the consumer. The group is saying, "a TV commercial comes on with a picture of President Obama, and says we can help you. The part they forgot to say is, we may, or may not be able to help you, but before we talk, we need $3000 to $5000 from you up front. Don't do it." The National Mortgage Complaint Center is saying, "if you owe more than more than 20%, than your home is actually worth in today's actual real estate market, you are toast. You will not get refinanced, the best you can hope for is a forbearance agreement from your bank." The National Mortgage Complaint Center is all about protecting homeowners, or consumers from con job mortgage lenders, and or flim flam foreclosure/loan modification scams. For more information please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at Http://NationalMortgageComplaintCenter.Com.

Question: Are These Loan Modification, Or Foreclosure TV Ads For Real?

Answer: The National Mortgage Complaint Center is saying, "we do not think these slick TV ads on loan modifications or foreclosures are anything but one more way to take a homeowners money, before they are forced out of their home." The group is saying, "if a homeowner in a foreclosure bind really wants help, call your state bar association, to find out what law firms are qualified to actually help people craft a forbearance agreement, or loan modification." The group is also saying, "we are very annoyed with one or two of these so called loan modification web sites as they appear to have duplicated our own web site. We actually have been written about in Money Magazine, Newsweek Magazine, The Wall Street Journal, CBS Market Watch, Good Housekeeping Magazine, and the New York Times. We see no proof one article has ever focused on one of these so called loan modification firms." For more information please call the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at Http://NationalMortgageComplaintCenter.Com.

Question: Is Now A Good Time To Refinance?

Answer: Yes. According to the National Mortgage Complaint Center, "because of mindless federal bailouts we could see much higher interest rates in the near future. We are strongly recommending that any existing homeowner with a FICO score of 750 or better, and actual equity in their home, refinance right now, if they are paying more than 6% on their current mortgage." The group says, "within a year the Federal Reserve may be forced to dramatically raise interest rates out of fear of their ridiculous bailouts have cause inflation, or hyper inflation. If you are looking for honest mortgage lenders we recommend American Interbanc, The James B Nutter Company, or Bank of America." For more information please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at Http://NationalMortgageComplaintCenter.Com.

Question: Does The National Mortgage Complaint Center Services For Homeowners In Foreclosure, or needing a loan modification?

Answer: No. The National Mortgage Complaint Center does not offer foreclosure or loan modification services to consumers. However, the National Mortgage Complaint Center will offer inspection services to actual lawyers or law firms with actual predatory mortgage lending issues. Lawyers are always welcome to call the National Mortgage Complaint Center for analysis of possible predatory mortgage lending problems. For more information actual lawyers can call the National Mortgage Complaint Center anytime at 866-714-6466, or contact the group via its web site at Http://NationalMortgageComplaintCenter.Com.

Question: Does The National Mortgage Complaint Center Offer A Necessary Service For All Homeowners?

Answer: Yes. The National Mortgage Complaint Center offers a mortgage document inspection for $75, for any consumer who is about to finance, or refinance their home. The mortgage document inspection includes, a narrative report that looks at possible junk mortgage fees, inflated interest rates, junk title insurance fees and/or other issues involving the mortgage lender overcharging the consumer. The group says, "any consumer or homeowner about to finance or refinance their home should utilize our very unique mortgage inspection to make certain they are not being over charged, or gouged by their mortgage broker, or bank." For more information please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at Http://NationalMortgageComplaintCenter.Com.

The group says, "every honest real estate agent should have the National Mortgage Complaint Center linked to their web site. Our mortgage inspection service will insure their client gets treated fairly by a mortgage lender."

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