Thursday, April 9, 2009

Mortgage Scams

Alert - Don’t Become a Victim of Mortgage Scams

The Obama Administration recently announced the Making Home Affordable
Program, designed to assist up to nine million American families
refinance or modify their loans to a monthly mortgage payment that is
more affordable. Due to the over­whelming interest in the plan,
homeowners are increasingly becoming the target of scammers trying to
take advantage of families with false promises and steep fees to provide
foreclosure assistance. With Presi­dent Obama’s plan, a homeowner NEVER
has to pay to participate in the program. If you wish to obtain
counseling assistance, HUD urges you to contact a local HUD-approved
housing counseling agency to en­sure they are receiving legitimate