If your home has been set for foreclosure, you will get plenty of letters in the mail. Some of them, though, are complete shams and could cost you your home. The Dallas Morning News has published a story that explains how Ms. Wynn lost her home because she relied upon Resolutions, a company she thought she was hiring to help stop the foreclosure. Resolutions took $950.00 from the Wynn and her husband, assuring them that that they had worked out a deal with the Wynns’ mortgage company, Countrywide; no deal, however, had been worked out. The Wynns relied on the assertions of Resolutions and lost their home.

Chris Wages, Operations Manager for Resolutions, indicated in this article that he was getting out of the foreclosure negotiation business - but that was not quite the case. Instead, Wages merely changed the name of the company to Homeowner’s Assistance & Collections and changed his tactics. Chris Wages now sends out a letter that appears to be a W-9 form from the mortgage company.

The second page of this letter implies that the homeowners are being offered a “Second Chance Program” from their mortgage company.

I have had several clients who have received these phony offers. They all tell me that they thought that this letter was being sent to them by the mortgage company. If you look at the letter, it does appear that this is being sent by he mortgage company and that Chris Wages is VP of Homeowner’s Assistance & Collections for the mortgage company.

This letter is a complete sham and Mr. Wages is not affiliated with any mortgage companies. This company is not a member of the Better Business Bureau and has an unsatisfactory record.

Don’t be fooled by phony offers if you are facing foreclosure. You owe it to yourself and your family to consult a qualified attorney about your foreclosure situation and what your legitimate options are.