SEPTEMBER 20, 2012
Loan modification scams continue to plague our country and scammers are still using malicious tactics to take advantage of unknowing borrowers. Homeowners in trouble are typically desperate and scammers know it; they go straight after these borrowers in need, using program and service titles that sound legitimate such as "loan modification consultant." Scammers know how to counsel emotionally distraught callers and say all the right things. They are positive and convincing, and make promises to help homeowners avoid foreclosure, which is what homeowners want to hear.