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. 


Johnson said...
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Bryan Roland said...


I’m Bryan Roland by name, i want to use this medium to alert all loan seekers to be very careful because there are scam everywhere, Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders.

I had almost lost hope until a friend of mine referred me to a very reliable lender called Mr Stephen Williams ( A God fearing man) who lend me a loan of 145,000 Euro under 72 working hours without any stress. I explain to the company by mail and all they told me was to cry no more because i will get my loan from this company and also i have made the right choice of contacting them i filled the loan application form and proceeded with all that was requested of me and to my shock I was given the loan.

If you are in need of any kind of loan just contact him now via:

I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders.

Thanks you STEPHEN WILLIAMS Loan FIRM for your help