Two national news reports show the devastating effects of loan modification scams. MSNBC’s report of a Renton family who lost their home shows just how easy it is to fall victim of these scams. According to the report, the FBI has seen more cases of fraud against homeowners in the first quarter of this year then all of 2008.
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NEW YORK – Attorney General Eric T. Schneiderman today announced a targeted advertising campaign and consumer education initiative to help New York homeowners spot, avoid, and report mortgage rescue scams. Mortgage rescue scams prey on homeowners who are in foreclosure or at-risk of foreclosure.
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Operation Game Of Loans is a starting point, but honestly consumers need to make sure they are protecting themselves. Never pay money up front for help if you don’t know what you’re getting. And remember, you can do most things with your student loan debt for free at StudentLoans.gov!
The scams are so numerous, even the city of Philadelphia launched an education campaign over the summer to warn people. So, what do you think I got in the mail? Yep, an offer for a loan modification.
Some reference the "Obama New Student Loan Forgiveness Program" and make it sound like they are the only ones that can access these federal benefits.. Warning signs of a scam or.
New York homeowners trail only California and Florida in the number of complaints reported to the Loan Modification Scam Database. On average, each New York victim of a foreclosure rescue scam reported a loss of $4,183. However, these scams often result in a domino effort that raises that dollar figure: Homeowners can end up losing tens or even.
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Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America’s consumer protection agency. Consumer Information | Federal Trade Commission Jump to Navigation