Private Investors/Lenders:
They will tell you that they will bring your mortgage current and payoff all back fees to save your home, and they will, for a price of coarse.

In order for them to do that you must "Quick Deed" (sign over your home to them in their name). In turn they will lease your home back to you with 15-20% higher payments for 1, 2 or 3 years until they have made their investment back. Then they will agree to sign your home back to you. Sounds good so far, right? But here's the trick.

In the contract that you sign, somewhere in the fine print, it will say if the lessee (you) are 24 hours late with your monthly payment within the duration of your contract, then the lessee (you) must evacuate the premises. Usually within 5 - 7 days. Over 90% of homeowners that fall for this trick end up losing their homes. These investors all know that you've had payment problems in the past. That's why they prey on homeowners in your situation. Next thing you know your family is out on the street with no home or hope and the investor just tricked you out of your $150,000 home that cost them only $4,000 to $5,000. So PLEASE BEWARE. Don't do it.

New Loan:
You take out another loan. It sounds good on the surface but you'll pay much, much more in the long run. You have to start a new loan from the beginning. You eventually lose all of your equity. All of your past payments are just wasted. You gain nothing. Don't fall for it.

Real Estate Agents:
They approach you wanting to sell your home for you. They say they want to help you out, but many actually are just helping you out of you're home and onto the street, and helping themselves to a huge profit, thanks to you