Sunday, July 29, 2012

Spotting Mortgage Modification Scams and Scammers

When you watch late night TV and see ads for deeply concerned-sounding loan modification experts, how can you tell who's the real deal, and who's been caught--or is in the process of being caught --shafting their clients?  A group called the Lawyer's Committee for Civil Rights Under Law and their partners are trying to make it easier for you.  Their website, Prevent Loan Scams, gives you lots of tools to help.

One page can let you know if you have already been a loan modification scam victim--it's easy--by answering two simple questions.  For a full list of loan modification scammer tactics, see this.  Another feature is a list of companies that have been found guilty--or have action against them--across the country.  There's a list of resources state-by-state, including recent scam news, local sources of legal and law enforcement help, state laws and regulations, and more. 

And, as always, remember that NOBODY can promise you a loan modification.  If they do, don't believe them.  You always have a FREE source of help in the HUD-approved foreclosure counseling.  Call 1-888-995-HOPE to find your nearest counselor. 

1 comment:

Johnson said...
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