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FTC and California Attorney Gen. Publish Tips to Avid Modification Scams

Authorities publish tips to avoid loan  modification scams; It’s not just happening here in California!

Trying to get to homeowners before scam artists; FTC and local and state authorities  have recently cracked down those that prey on struggling homeowners.

The FTC has produced a video to increase awareness of the problem and to teach struggling homeowners how to avoid scams.  As part of its inter-agency crackdow. Dubbed “Operation Loan Lies” the video can be watched and downloaded at www.ftc.gov/YourHome, or below.

[youtube]http://www.youtube.com/watch?v=GvxOC5SBEyI[/youtube]

For homeowners seeking to lower their monthly home loan payments, here are some tips on avoiding being caught in a scam. The suggestions come from the FTC and the office of California Atty. Gen. Jerry Brown:

A few of the other areas Modification Scams are rampant:

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