Loan Modification Scams
By Pauline Hofseth, Daring to Care
(Prudential Jack White/Vista Real Estate)
With the economy taking such a hard hit in the last few years, several people find themselves in the unhappy position of needing to modify their loan terms in order to avoid a possible foreclosure. Unfortunately, with the recent loan modification programs that have been put in place, there have also been an onslaught of loan modification scams. Freddie Mac, Fannie Mae, the Lawyers Committee for Civil Rights Under Law, Neighbor Works America and other agencies have banded together to create their own Loan Modification and Scam Prevention Network to help warn people of loan modification scam artists and help point people in the right direction to get in contact with a legitimate loan modification company. PreventLoanScams.org was designed as an online resource to act as a national cleari...
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