Unscrupulous companies prey on vulnerable homeowners by obtaining lists of homeowners who are behind on their house payments. They often target seniors or homeowners with limited English-speaking ability. These companies may contact you by phone, letter or email, offering to negotiate with your lender on your behalf. They may claim to be a licensed attorney or someone working with a licensed attorney. Some advertise on radio, TV and the Internet – and may present themselves as an “official agency” by creating websites or toll-free numbers that appear legitimate.
You should be suspicious of any company or person that:
- Guarantees results
- Tries to collect fees before providing services and without providing you with a contract
- Asks for personal financial information like your bank account and Social Security numbers
- Tells you not to make payments to your lender, but directly to them
- Discourages you from contacting your lender or a nonprofit counselor
REMEMBER: Just because a company “looks official” doesn’t mean it is! The State can tell you if a person or company can legally do business in Oregon.
Call 503-378-4140 or 866-814-9710 (toll-free)
if you have any questions or concerns!