Know the Signs, Get the Facts about Loan Modification Scams

Caution: Beware of Loan Modification Scams
Scam artists across the country are preying on homeowners who are facing foreclosure or seeking a loan modification. Anyone can be a victim – but you don’t have to be.

The red flags include people or companies that:
• Ask for fees in advance
• Guarantee they can stop a foreclosure or get your loan modified
• Tell you to stop paying your mortgage company and pay them instead

For loan modification guidance from a HUD-approved counseling agency or to report a scam, call 1-888-995-HOPE or visit www.LoanScamAlert.org.