Homeowners should beware of loan modification scams, according
to the Federal Trade Commission.
Homeowners should beware of loan modification scams, according to the Federal Trade Commission.
“Foreclosure rescue companies” claim they can help save struggling families’ homes but many often request hefty fees in advance – a tell-tale sign of a foreclosure rip-off – according the FTC. Some scams use names, phone numbers and Web sites that make it look like they’re part of the government. To avoid a scam, those seeking financial counseling should only use phone numbers listed on government agency Web sites. Don’t click on links or open any attachments in unexpected e-mails.
Help can be found for free at (888) 995-HOPE, where personalized advice from housing counseling agencies certified by the U.S. Department of Housing and Urban Development is available. For free online guidance, visit www.hopenow.com.
