State officials warn of loan modification and foreclosure scams

The Wisconsin Department of Justice and Department of Agriculture, Trade and Consumer Protection are advising residents to be wary of foreclosure rescue services and loan modification offers.


In recent months, the number of complaints about these services has increased, according to a news release from the state Attorney General’s Office. Homeowners are being bombarded with advertising from companies claiming they can save homes, reduce mortgage payments or find free money for consumers.


For free help, people can contact a Housing and Urban Development Department-approved counselor at www.hud.gov or check out www.makinghomeaffordable.gov to check for eligibility for assistance.




Original article can be found at http://www.wisconsinrapidstribune.com/article/20090908/WRT0101/90908127/1982