As a number of our members provide financial counseling and foreclosure prevention programming, this release may be valuable to ensure that your clients are aware of some of the identified fradualant activities of some loan-modification programs.
The National Fair Housing Alliance titled "Undercover Investigation Finds Fraud Common among Mortgage Loan Modification Companies", stating "With one in nine homeowners nationwide more than 90 days behind on their mortgage payments, a lucrative industry of mortgage modification and foreclosure prevention scams has emerged".
See the release here.
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