mortgage modification scams - Articles

New Warning on Mortgage Mods: Demand for Up-Front Fees Is a Sure Sign of a Scam

The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans are still underwater when it comes to what they owe on their mortgage versus the value of their home. As such, many may be looking for some relief, and scammers are now preying on that need. In recent weeks,... Continue Reading »

Man's Alleged Loan Mod Scam Paid for Wife's Plastic Surgery

SALT LAKE CITY -- A man who owned a loan modification business in Lehi and St. George is being accused of defrauding homeowners to pay for personal expenses including entertainment and his wife's plastic surgery. Utah Attorney General Mark Shurtleff says 34-year-old David Shawn Moffitt faces nine felony counts of... Continue Reading »

Feds Target Loan Mod Scams, With Google's Cooperation

The federal government has shut down 85 alleged online loan modification scams, and secured the cooperation of Google to stop the purportedly false advertising by those web operations. The government agency responsible for supervising the use of Troubled Asset Relief Program (TARP) funds recently targeted businesses that... Continue Reading »

Homeowners Beware: Forensic Loan Audit Scam

The calls started last November. Speaking in Spanish, a representative from New Century Solutions in Lake Forest, Calif., pitched Jose Chirino to purchase a forensic loan audit. For $2,995, the representative said, an audit could help the San Jose, Calif., homeowner get a much-desired loan modification and principal... Continue Reading »

Mortgage Salvation -- or New Twist on an Old Scam?

A lawyer in Tallahassee, Fla., is at the center of what some experts are calling a new take on mortgage relief scams, according to the St. Petersburg Times. Nearly 6,000 struggling homeowners seeking mortgage modifications have agreed to work with a Florida-based law firm in the hope of settling their outstanding debts.... Continue Reading »

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