Family loses home to Fed Mod loan modification scam

Looks like another family will loose their home to the Federal Loan Modification Center/ Fed Mod nation wide scam. There must be thousands of families that are in the exact same position as the family below.

My only advice to victims of  the Fed Mod scam is to seek help immediately from a non-profit and cut your loses with this company. There is no money left and they are out of business. Going after this company is a fruitless cause and I suspect that the only recourse for scammed homeowners and law enforcement will be jail time for the company’s founders and attorneys.

From the Journal Star:

She cries when she thinks about losing her home, the place she and her husband fought so hard to keep.

The tears turn to anger, though, when she thinks about all the help the government is handing out to banks and to people to buy houses and new cars.

“They’re giving these brand-new homeowners $8,000 bonuses,” she said. “Why aren’t they helping the people who are losing their homes?”

There are programs to help people facing foreclosure, but the Barrets say they found out about them too late.

Read more from the Journal Star

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