Thinking about Loan Modification Scams. With everything that is going on and the fact that we all are hoping to
pull out of this recession and that it is over. There are still people who need help. Unfortunately there are others that will prey on folks when they are at their most vulnerable. Not to ramble, let me get to the point. Not to long ago my phone rang. It was an out of state number showing on the caller ID. When I answered the caller asked for Charles Barroll. My hackles raised immediately as only those who do not know me ask for Charles. I go by Lee. I said “Yes?” He then stated he was from the Attorney’s Office calling about my mortgage. I knew something was up, I did not have a mortgage in my name at the time. When pressed regarding the mortgage in question and what agency was calling the caller hung up. I am thinking it was some sort of scam regarding a home loan or home loan modification. It makes me wonder how many people are getting called and because they in need they think it is a legitimate offer? Loan Modification is not what any of us want to do but it is in some cases unavoidable. What these scammers offering to help with loan modification are doing is charging and upfront fee to do what the homeowner can do for themselves. Deal with the lender and negotiate a modification. Yes it is tedious and frustrating. The only thing a person will do by contracting these companies is give their money away. For a service that may not even materialize. There are several resources available to help at no charge to the homeowner.
- Loan Modification Scam Alert
- National Foreclosure Mitigation Counseling Program
- Homeownership Preservation Foundation
- Making Home Affordable
- Free Loan Modification Help for Homeowners
Maybe this will help someone you know.
