New website launched to prevent loan modification scams!
During this troubling economy and flood of foreclosures, loan modification rescue scams have been on the rise. Many troubled homeowners stricken with the stress and tension that accompany the threat of foreclosure have fallen prey to these scammers and thieves; many losing large sums of money in addition to losing their homes.
Consumers can now rest assured that there is help on their side. In a joint effort to educate consumers and put an end to these rescue scams, organizations including Fannie Mae, Freddie Mac, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) and NeighborWorks America, among others, have formed the Loan Modification Scam Prevention Network. In conjunction with key governmental agencies such as U.S. Department of Housing and Urban Development (HUD), Federal Trade Commission, the U.S. Department of Justice, the FBI, U.S. Treasury Department and state Attorneys General offices nationwide, the Loan Modification Scam Prevention Network has launched a new website, www.preventloanscams.org, as a one stop informational site regarding all loan modification and foreclosure rescue scams. Consumers can directly report a scam online and have the information immediately relayed to the appropriate authorities for investigation. They also provide “real life” stories of individuals, up-to-date information and current events, and local resources all relative to the consumer’s specific needs. The Network estimates reaching 50,000+ consumers affected by these scams.
For more information please visit their site at www.preventloanscams.org.
