Cincinnati Bankruptcy Attorney Warns Homeowners of Foreclosure and Debt Relief Schemes

The last thing you need when faced with the possibility of a foreclosed home is a dirty business trying to scam you out of everything you own. Don’t make the mistake of contacting a scam artist when you are in such a vulnerable financial situation. Put a trustworthy law firm with decades of references and success to work for you.

The Indiana bankruptcy attorneys at Koehler Law Office have decades of experience helping individuals find debt relief and defend against foreclosure. We are an honest and knowledgeable law firm that you can trust.

What is a Debt Relief or Foreclosure Rescue Scheme?

A “foreclosure rescue service” will offer a number of different solutions to your pending foreclosure, and they all seem to offer unbelievable solutions. Unfortunately, their “solutions” are unbelievable because they are not honest promises or possible.

Types of Debt Relief and Foreclosure Rescue Schemes

There are various ways that schemers will try to trick you. What is definite, they will not read the fine print to you. Listed below are the more common techniques of debt relief and foreclosure rescue schemes:

• Lease Buyback: The scheme explains that you will be able to buy your home back from the company to which you handed over your deed, only to find out that you will never be able to buy your home back.
• Equity Stripping: Similar to a “lease buyback” agreement, you turn your deed over to a scam agency under the assumption that you will buy your home back, but the con artist strips your home of all its equity and continues to collect on your rent money.
• “Consulting:” A company will charge a fee and promise to convince your lending agencies to lower your mortgage, however the scam agency will not have any negotiating experience or effectiveness. In some cases, they never even contact the lender.

Don’t be fooled by these to-good-to-be-true promises. You’ll benefit from hiring an experienced and honest bankruptcy attorney to help you carve a path towards debt relief.

Contact a Foreclosure Attorney Who You Can Trust

Call Koehler Law Office for confidential legal advice regarding debt relief, bankruptcy, and foreclosure. We take pride in helping Indiana residents get back on solid financial ground. Stop swimming in debt. Call us today at (812) 785-8191 . Our initial consultation is free of charge.