Short sales can be a lifeline for homeowners facing financial hardship, but they also attract scammers. Here’s how to recognize and avoid fraudulent schemes during the process:

Common Short Sale Scams

1. Upfront Fees: Legitimate services don’t require payment before helping. Be wary of anyone asking for upfront money.
2. False Promises: If a company guarantees to stop foreclosure or adjust your loan, it’s likely a scam.
3. Title Transfers: Never sign over the title to your property unless working with a trusted professional.
4. Suspicious Payment Directions: Avoid making payments to individuals or companies not affiliated with your lender.

How to Protect Yourself

• Verify Credentials: Work only with licensed real estate professionals or organizations approved by HUD.
• Read the Fine Print: Understand all documents before signing.
• Trust Your Gut: If something feels off, consult with a qualified expert.

Short Sale Cooperative is here to help you navigate the process safely. Visit What Is a Short Sale to learn more or Contact Us for professional guidance.