SELLER BEWARE: SO-CALLED “LOAN MODIFICATION EXPERTS ARE GETTING NABBED”!

April 14th, 2009

Three new (within the last week) articles discussing the uptick in Loan Modification Scams.  Seller Beware!  Many of these companies are right here in Arizona!!!  Please see the following links for articles discussing these so-called “experts”:

 This one just came out on April 10th, and discusses some of the more common scams going on out there…http://www.msnbc.msn.com/id/30070957/

 

This article also came out on 4/10/09, and discusses what our government is doing to crack down on these slimy operations:

http://www.housingwire.com/2009/04/10/states-getting-aggressive-on-foreclosure-aid-scams/

This is FreddieMac’s angle on some of the Loan Modification Scams that are out there right now.  This is a MUST READ:

http://www.freddiemac.com/avoidfraud/

In The News: Phoenix Loan Modification Fraud

April 1st, 2009

Phoenix KPHO-5 Reports: FBI Sees Rise In Loan Modification Fraud

“Mortgage fraud is on the rise, and the latest cases often involve loan modification, according to the FBI…”