Avoiding Loan Modification and Foreclosure Scams
Don’t Be A Victim!
The possibility of losing your home can leave you feeling not only frightened, but it can also make you vulnerable to predatory scams. You need to be informed about your rights and learn ways to protect yourself.
If you don’t take measures to protect yourself from predatory loan modification scams, your credit history, personal finances and your home’s equity can all be seriously endangered.
This booklet is designed to help you understand, in simple terms, some of the things you need to watch out for. Predators are always on the move, coming up with new schemes designed to look helpful, but that are actually a rip-off. Some of these ploys are designed to mimic official-looking documents and quite often they will ask for upfront fees or other tests of “good faith.” You should not fall prey to these methods.
I urge you to take a few moments and learn more about the dangers of loan modification and foreclosure scams. Keeping yourself alert and well-informed are the first steps to protecting yourself and your family.
Arizona Attorney General