Mortgage scammers still prey on homeowners

By LOU TISLER – Executive Director of Neighborhood Housing Services of Greater Cleveland

As if homeowners struggling to make their mortgage don’t have enough to worry about, June’s National Homeownership Month comes with a serious warning that could mean the difference of thousands of dollars and even jeopardize your home.

Be careful about who you turn to for foreclosure prevention assistance.

The foreclosure crisis has created a breeding ground for mortgage rescue scammers posing as “help,” claiming they can modify your mortgage — guaranteed.

The catch? It will cost you $1,500 or more. The company produces no results to help you and, what’s worse is it often disappears as fast as your money does.

Read more: http://www.sanduskyregister.com/letter-editor/2010/jul/16/local-voices-mortgage-scammers-still-prey-homeowners

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