There are some general signs that should set alarm bells ringing wherever you see them.
~ Company or Individual using a PO Box and does not have a physical address. Check and make sure the physical address in not a UPS store.
~ You are pushed to make a quick decision - scammers do not want to give you time to think.
~ Company or Individual without a business card
~ You are told to keep it a secret.
~ Always have the details in writing and kept a copy.
A homeowner, if eligible, might consider filing bankruptcy with the objective of saving the home. When filing bankruptcy homeowners have two basic options. A Chapter Seven Bankruptcy is oftentimes referred to as a liquidation bankruptcy. In this type of bankruptcy all non-exempt assets of the homeowner are subject to being liquidated for the benefit of the homeowner’s creditors. This is in contrast to a Chapter Thirteen Bankruptcy that allows the homeowner(s) to propose a plan to the creditors to make payments over a period of time.
In both Bankruptcy situations, if there is a foreclosure against the home and it has not been sold at sheriff’s sale, the bankruptcy filing stays (stops at least temporarily, in most cases 30 days in Chapter seven) the foreclosure. This gives the homeowner an opportunity to attempt to get the bank to agree to a payment plan designed to catch up the mortgage and, eventually, re-establish a good creditor-debtor relationship. Keep in mind though that the equity in the residence in Kansas is nearly always exempt from being taken to benefit creditors that do not have lien right to the home (e.g. credit card debt). This means, that even in bankruptcy, the homeowner has redemption rights in the residence which can be sold, the proceeds from which cannot be taken by such creditors.