Loan Modification Scam Alert: Forewarned is Forearmed
Many of my friends and family have expressed their concern about getting good advice regarding loan modifications.
The word is out that there are many scams (PDF) targeting financially distressed homeowners. Some are ending up not only loosing their homes due to foreclosure, they are also loosing the precious few dollars they have left, by trying to save themselves.
This video clip from a recent ABC newscast will help you understand the correct steps to take to avoid the same thing from happening to you.
It is imperative that if you are in financial distress that you contact an attorney who is well versed in both loan modifications and foreclosures.
