Beware of These Loan Modification Scams

Types of loan-modification scams

• Falsely portraying employees as government counselors approved by the Department of Housing and Urban Development.

• Operating with names similar to housing non-profits to confuse homeowners.

• Using lists of foreclosure auctions to cold-call people behind on mortgages.

• Targeting specific groups, such as the elderly, and claim close contacts with lenders.

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