Asset Planning, Inc Blog
BEWARE! Property Tax and Loan Modification Scams
Back in December I blogged about property tax appraisal scams. I want to reemphasize that there is NEVER any fee for the county to review a property tax reassessment or appeal. I just refinanced my house and I have been inundated with offers from these companies that state that if I send money that my property tax will be lowered or reviewed. They actually sent me a copy of my Grant Deed to make it look official. Anyone can get a copy of a Grant Deed or property information from the county. The information is public and fairly easy to access. The only time you send money in regards to your property taxes is when you pay the actual property tax bill. If you have questions about your property value assessment, please go to the county website. The Los Angeles County website is: www.lacountypropertytax.com and the Orange County website is: http://www.ttc.ocgov.com/proptax/
Another scam that is occurring is with loan modifications. These scam artists are targeting at-risk homeowners by getting information in newspapers and public sites about homes in foreclosure status. They use deceptive marketing practices to convince homeowners that they are reputable and that they represent the government. One tip is you should not have to pay for help. The government offers HUD-approved counseling for free. Another tip is to ask for the local address of the company and then go and visit it to see if it is legitimate. Referrals from other clients are also a good source. Just remember, if you or your family or friends are in this situation to be skeptical and cautious if you are asked to pay fees.
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