Loan-modification scams take many forms: Some mimic government foreclosure-prevention programs, others guarantee to stop foreclosure for a significant fee, and still others strip the homeowner of equity or of the home itself. With foreclosures still common in some communities, distressed homeowners continue to be vulnerable to these scams.
NeighborWorks America and its partners have worked relentlessly to get the word out to homeowners struggling to pay their mortgages each month. Since the Loan Modification Scam Alert campaign launched in 2009, we have helped empower homeowners nationwide with information about scams and how to report them.
Learn how to report, spot and avoid the most commons scams