Friday, November 21, 2008

Bogus Loan Modification Firms Popping Up In Nevada, State Regulator Warns

In Las Vegas, Nevada, KLAS-TV Channel 8 reports:
  • The state of Nevada is warning homeowners to beware of bogus loan modification specialists that have popped up with the foreclosure crisis. The Nevada Division of Mortgage Lending says it has received numerous complaints about "loan modification companies" that offer unrealistic loan modification options to unsuspecting borrowers and then end up charging them excessive fees while the borrower can often get these services for free.

Source: SCAM: Beware of Bogus Loan Modification Specialists.