Below is a message from the Department of Housing and Urban Development regarding scams against homeowners. This content is being provided as a courtesy for your protection in efforts to educate consumers on scams that may exist. The information below was obtained from www.hud.gov which is not affiliated with Camden Legal Group.
Information for Homeowners:
Are you having trouble with your mortgage? Have you recently lost a job or had a reduction in income? Are you facing a possible foreclosure? Loan modification scammers are targeting you.
To counter this, HUD has launched a new public awareness and enforcement campaign specifically targeting loan modification scammers, calling on the general public to take three specific actions:"Know it. Avoid it. Report it."
Each day, scam artists posing as financial advisors and/or debt relief consultants take advantage of vulnerable homeowners whose homes have been threatened by economic difficulty. These scammers will often make promises that seem too good to be true, guaranteeing services that will either lower a monthly payment or eliminate back debt in order to save one's home.
To stop these scammers, HUD has merged the efforts of NeighborWorks America, the Lawyers' Committee for Civil Rights Under Law, and the Homeowners' HOPE Hotline at 888-995-HOPE to provide an "early warning system" that empowers homeowners to protect themselves and their homes, while providing the tools necessary to take action so that law enforcement agencies across the country can put a stop to these unacceptable practices.
The purpose of this campaign is to:
The first thing you may ask yourself is, "Could I really be the victim of a scam?" To determine this, ask yourself the following two questions:
1. Did anyone offer to help modify your mortgage, either directly or through advertising such as a flyer?
2. Were you guaranteed a loan modification or asked to do to any of the following:
- Strengthen the fight against loan modification scammers
- Support existing law enforcement efforts
- Curb the negative impact of scam activity on the current housing market
- Build a coalition of HUD partners for this effort nationwide
- Maximize the public's awareness of mortgage fraud and loan modification scams
If the answer to either question is Yes, then report the possible scam. Call (888) 995-HOPE (4673) (with your permission the complaint will be shared with federal and state enforcement agencies).
- Pay a fee
- Sign a contract
- Sign over title to your property
- Redirect mortgage payments
- Stop making loan payments