FBI Advice on How to Avoid Being a Victim of Loan Modication and Mortgage Fraud

st-louis-realtor-As a result of the Distressed Homeowner Initiative (begun one year ago) which targets companies that defraud distressed homeowners, over 200 companies have been shut down, according to the FBI. As a result, criminal charges have been filed against 530 defendants. The numbers involved in these cases are staggering; losses of more than $1 billion from over 73,000 victims in the U.S.

How do you protect yourself from being a victim of Loan Modification Fraud, Mortgage Fraud or a  foreclosure rescue scam?   The FBI offers the following tips: Continue reading “FBI Advice on How to Avoid Being a Victim of Loan Modication and Mortgage Fraud