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Scam Alert! Three Mortgage Modification Scams to Watch out for (And How to Avoid Them)

August 19, 2014 by Michael Addison

As if homeowners who are facing foreclosure don't have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim. By identifying the top three modification scams and learning how to avoid them, at-risk homeowners can protect themselves (and their homes). Never Pay For Mortgage Modification Assistance Many desperate homeowners fall victim to scam artists who offer to provide them with assistance in the loan modification process for an exorbitant fee. Many times the scam artist who promises to provide assistance will require that the homeowner pay the fee … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Mortgage, Mortgage Modification, Mortgage Tips

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