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Easy Steps:
- 1) Get your paperwork
- 2) Call Us Toll Free
- 3) Talk with a Friendly Representative
- 4) Choose the Right Solution
- 5) Work on Stopping Foreclosure With The Representative
- 6) Resolve the Foreclosure and Start Fresh!
Equity Stripping
Equity stripping, also known as equity skimming or foreclosure rescue,
is any of various predatory real estate practices aimed at vulnerable,
often low-income, homeowners facing foreclosure in the United States.
Often considered a form of predatory lending, equity stripping began to
spring up in the early 2000s and is conducted by investors or small companies
that take properties from foreclosed homeowners in exchange for allowing
the homeowner to stay in the property as a tenant. Most often, these transactions
take advantage of uninformed, low-income homeowners. Because of
the complexity of the transaction and false assurances given by rescue
artists, victims are often unaware that they are giving away their property
and equity. In recent years, several states have taken steps to confront
the more unscrupulous practices of equity stripping. Although "foreclosure
reconveyance" schemes can be beneficial and ethically conducted in
some circumstances, many times the practice relies on fraud and egregious
or unmeetable terms.
DO NOT ALLOW SOMEONE TO BUY YOUR HOME FROM YOU
AND STRIP YOUR EQUITY AWAY! WE DO NOT BUY HOMES OR TRY TO TAKE TITLE -
WE WANT TO HELP YOU KEEP YOUR HOME AND KEEP IT IN YOUR NAME!
WE ARE HERE TO HELP!
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