New Campaign Offers Educational Materials to Fight Loan Modification Scams

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Here’s my best tip: Check in with my Loan modification hell series to get updates and advice. I have one blog with tips from my contact at the OCC ("New Solutions to Avoid. seen a lot of people.

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of a vigorous national campaign to strengthen the fight against loan modification scammers, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) today launched www.PreventLoanScams.org .

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NEW YORK – Attorney General Eric T. Schneiderman today announced a targeted advertising campaign and consumer education initiative to help New York homeowners spot, avoid, and report mortgage rescue scams. Mortgage rescue scams prey on homeowners who are in foreclosure or at-risk of foreclosure.

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Scam Alert campaign, is designed to help homeowners protect themselves against loan modification scams, find trusted help and report illegal activity to authorities. Since the campaign’s launch, more than 10,000 people have reported loan scams, and it’s believed that many more homeowners have been affected. NeighborWorks America is an official partner of NCPW, the federally coordinated consumer education campaign that encourages individuals across the country to take full advantage of their.

As part of the loan rangers public awareness campaign. often fall victim to these scams out of desperation or ignorance of their rights. I am proud to partner with Habitat for Humanity – New York.

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Generally, to be eligible for a loan modification, you must: show that you can’t make your current mortgage payment due to a financial hardship. complete a trial period to demonstrate you can afford the new monthly amount, and. provide all required documentation to the lender for evaluation.

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