Loan modification and other mortgage scams are proliferating at a rapid pace. Scam artists prey on unsuspecting homeowners who are facing foreclosure. Every day, consumers are lured by the promise of a loan modification that they hope will help them stay in their homes. As a result, consumers are losing thousands of dollars and in some cases, their homes. The CPB provides the links and resources to help prevent consumers from falling victim to these offers and schemes.
Last Modified: June 22, 2011