Loan Modification Scams

by kevinjones on December 28, 2011

in Tips

Realty Professionals  855-955-SOLD (7653)

mortgage scam 150x150 Loan Modification Scams

Realty Professionals 855-955-SOLD (7653)

Don’t fall victim to unscrupulous con artists trying to take advantage of unknowing, financially troubled home owners.  These scammers usually promise mortgage loan modifications or reduced monthly payments for upfront fees.  In most case, charging upfront fees or payments for these services is illegal.

mortgage fraud 150x150 Loan Modification Scams

Realty Professionals 855-955-SOLD (7653)

 

According to the Federal Trade Commission, these offenders review foreclosure notices in newspapers, the Internet and public files to identify potential victims.  Scammers who place ads online, on television, and in newspapers claiming to “stop foreclosure now” and offering “money back guarantees” are suspect and should be reviewed cautiously by the homeowner.

KJ Bird2 150x150 Loan Modification Scams

855-955-SOLD (7653)

For tips to avoid mortgage modification scams:
http://www.sigtarp.gov/pdf/Consumer_Fraud_Alert.pdf

 

 

 

 

 

 

 

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Realty Professionals 855-955-SOLD (7653)

Kevin has written 388 articles.



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