Do you know someone who got ripped off by a Sacramento Mortgage Modification Company?
Do you know someone who got ripped off by a Sacramento Mortgage Modification Company?
Many Sacramento Residents turn to Mortgage Modification Companies when they are unable to negotiate the modification themselves.
As we all know, during our historic real estate market in Sacramento, a lot of shady characters came out of the woodwork and took advantage of many helpless homeowners.
In fact, just last month we had someone contact us and they were ripped off for $5,000 and the Mortgage Modification Comany was asking them for more money. I just couldn’t believe it!
I guess the Sacramento Mortgage Modification Company thought since the consumer took the bait before… They would try to milk more money out of them! It is just horrible that there are people like this in our world. I feel it is everyone’s duty to report these issues so we can help prevent it from happening to someone else.
HUD announced Friday that they, along with the Loan Modification Scam Prevention Network, have created a new website for consumers to report these types of incidents.
If you know someone who is a victim of a loan modification scam… make sure to visit www.preventloanscams.org and report the incident!
I also wanted to remind you that it is against the law for ANY Mortgage Modification Company (even if they are lawyers) to collect ANYfunds upfront BEFORE they negotiate your loan modification.
Don’t rely on their advice… PROTECT YOURSELF!
