You’ve seen those signs that say “We Buy Houses in Maynard MA“… or websites like ours that mention the phrase. Yes, we offer cash for houses in Maynard MA and we’ve been working with homeowners for some time now, in fact, we talk with homeowners in foreclosure every single week.
When you are planning on selling your house or anywhere near Massachusetts to an investor or homebuyers in Maynard MA, you have to be aware of scams. As you now, foreclosures over the past 5 years have been at record levels. Just like with anything, when there’s an opportunity or when there are people in pain… the dishonest and unscrupulous people in the world tend to come out of the dark shadows to prey on homeowners who don’t know any better.
Foreclosure scams in Maynard MA have even picked up in recent years.
We are local cash house buyers and I’ll walk you through how to spot potential scams vs. reputable house purchasers in our area. You should hear some of the stories we’ve heard of people in foreclosure being taken advantage of by scam artists proclaiming to be reputable “real estate investors”.
Not all “We Buy Houses” companies in Maynard MA have created equal.
As a quick summary… there are companies out there that purchase houses from people who need to sell. But, in some cases… that’s where the similarities from the scam investors and legitimate companies with great reputations like us stop.
In this article, I’m going to walk you through some of the ways a small percentage of people try to take advantage of homeowners like you.
This is meant to be a “consumer awareness” guide to help you spot the companies to avoid and pinpoint the “we buy houses” companies that you can trust (because the majority of house buyers are great people with great integrity… it’s those few bad apples that ruin it for everyone else.)
Some Tips And Warning Signs That You May Be Stepping Into A Scam When In Foreclosure In Maynard MA
If you’re in foreclosure and are looking for a solution to avoid foreclosure and get foreclosure help in Maynard MA, here are some “solutions” some less than honest companies may offer up.
Charge Upfront Fees To Get Mortgage Assistance From Your MA Lender –
As Fannie Mae says, help is free. Some companies will try to charge you for talking with your lender about your mortgage to find a solution. Don’t fall for this. You can talk with your lender about the mortgage and your options anytime with no charge, or work with a company that will do your loan counseling for you for free.
Signing Over The Deed To Your Property To Save Your Maynard MA House –
This sounds backward from the start. Some unsavory companies may tell you that you can sign over the deed to your house (essentially giving up ownership) to save your house. As Fannie Mae says, never sign over the deed to your house unless you’re working with your mortgage company to forgive your debt… or unless you’re physically selling your house to that company. If that’s the case, ask the company to do everything at a reputable title company so everything is on the up and up (always consult legal advice before ever signing over your deed).
Don’t Unknowingly Give Up Ownership To Your Massachusetts Property –
Some ways scammers have targeted homeowners is by telling homeowners they’ll pay off their mortgage. With these scammers, they hide clauses in the paperwork that sometimes gives up your ownership rights to the house and transfers them to the scammers. A reputable company will be fully transparent, with no hidden clauses, and everything will be known before any documents are signed. But same as above, always consult your own expert to review any paperwork before you sign anything… even when working with a very reputable company… just so all of the “i”s are dotted and “t”s crossed.
Try To Say You Don’t Need A Title Company or Other Professionals In Selling Your Maynard MA House –
Selling your house, whether you’re in foreclosure or just need to sell quickly, should be done with the help of certain professional services. With every house we purchase, we always use a neutral 3rd party Title Company to handle the closing, drawing up the closing documents, and all related paperwork. It instills confidence with the house seller and it makes sure there’s no funny business on either side of the transaction. If a house buyer says you’re going to do a “kitchen table closing” (actually signing all of the papers in your house) rather than a title company or attorney’s office… ask why. Kitchen table closings can work, but using a title company or attorney’s office helps protect both sides and makes sure things are done right.
The Mortgage Payment Scam in Maynard Massachusetts –
Some scammers have devised fraudulent schemes wherein they instruct the homeowner to redirect mortgage payments to them instead of the bank directly, claiming they will manage the payments to the bank. This deceitful tactic is a prime example of foreclosure scams, preying on unsuspecting Wayland MA homeowners’ vulnerability and trust. In no circumstances should you do this unless you get your mortgage company’s approval in writing? Some of these scammers will then pocket your payments and not pay the mortgage company at all… harming your credit and causing you to be worse off than before.
(Source: Summary of information from the Fannie Mae info site)
Do Your Homework And Do Business With Someone You Can Trust Maynard MA –
We buy houses in Massachusetts and assist individuals facing foreclosure every week. Consequently, we’re well-versed in the market and have witnessed numerous instances of dishonesty where Wayland MA homeowners fell victim to foreclosure scams before reaching out to us.
What we always stress is the importance of doing your homework. Before engaging with any “we buy houses” company, ask numerous questions to ensure their legitimacy, honesty, and commitment to following through on any offers they make. Foreclosure scams are unfortunately prevalent, with some investors making multiple offers and backing out on those they can’t close on. At Custom Realty Solutions, LLC, we guarantee to only make offers on properties that we’re fully prepared to close on if accepted—no ifs, ands, or buts—ensuring Wayland MA homeowners are safeguarded against foreclosure scams.
Sell My House In Maynard MA
If you’re one of those homeowners in foreclosure and need assistance, or just want to know your options… visit your local foreclosure counseling service or browse this site and schedule a free Foreclosure Prevention session with one of our foreclosure experts. Or, if you’re looking to sell your house in Maynard MA fast, we’d love to chat with you… learn about your situation and your house… and make you a fair all-cash offer within 24 hours of our talk. We are Maynard MA home buyers and we can close in as little as 7 days. The beauty of the whole thing is that we’ll make you an offer and there’s no obligation, no pressure, and no catches… you get the offer, you take as long as you want to look over, pass the offer by those you trust, even shop the offer around to the other “We buy houses” companies if you want. We’ll be here for ya and you can get started whenever it is right for you.
If you’d like a fair no-obligation offer today… go here and fill out the short form. After that, we’ll give you a quick call, find out a bit more about the property, and make you an offer the same day.