National Effort Partnering State, Local Governments & Nonprofit Groups Target Upfront Fee Loan Modification Scams

Public News Service reports:

• The fight against loan modification scammers continues [...], and now homeowners have a new weapon. It's called the Loan Modification Scam Prevention Network, and it's part of a national effort partnering with state and local governments and nonprofit organizations. The goals are to identify who the scammers are and to warn and educate potential victims.

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• If you feel that you have been scammed by a company that promises loan modifications and charges you a fee, you can visit www.preventloanscams.org to fill out a form to be logged into the national database. Information about what to watch out for and how to prevent being scammed is also available.

For more, see New Weapon in Fight Against Loan Modification Scammers.