HUD Charges Three Loan Mod Firms With Scamming, Foreclosure Fraud

Our law office continues to receive numerous calls from homeowners who were scammed by so-called ‘loan modification’ companies. Most of the ‘loan modification scammers have companies based in California, Florida, New York and New Jersey. By the time the homeowner figures out the scam, they’ve lost between $700 and $5,000 on average and/or received a notice they are in foreclosure. Some homeowners have had no idea they’ve been scammed until someone comes to their door with documents showing the house was sold at a foreclosure auction and they’re the new owner. Scammers tell homeowners what they want to believe - the lender is going to give them a loan modification or guarantee a loan modifica

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Gantenbein Law Firm