Remain Wary of Loan Modification Scams
I'd like to remind our community members to never enlist the help of companies that charge up front fees to "save your home." Please remember to only seek assistance from a HUD- approved housing counseling agency. Foreclosure intervention counseling is always a FREE service provided by well-qualified individuals at non-profit organizations. There are still scammers out there who are preying on homeowners in distress. The following are common signs of a company seeking to scam:
- Asks for a fee in advance
- Guarantees that they'll stop a foreclosure or modify a loan
- Tells you to stop paying your mortgage company and to pay them instead
(www.loanscamalert.org)
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