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: The first thing anyone seeking to modify an existing loan should...
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