Avoid Scams/Imposters

Liberty Credit Law, PC

In the United States, the number of foreclosures continues to increase each and every day.  In order to avoid or prevent foreclosure, people are starting to become aware of their options and are pursuing loan modifications quite heavily.  Due to the increase in demand for loan modifications, more and more companies are offering loan modification services, but not all of these companies are legitimate.   In fact, many of these companies are engaging in illegal scams or acting as imposters.  Instead of helping people, they are taking advantage of them and committing fraud and theft in the process. 

The FBI reports that there have been numerous reports of mortgage-reduction schemes in several states.  Many scammers and imposters are taking advantage of people by promising things they simply cannot deliver.   In some cases, these imposters are asking for fees upfront from homeowners without doing any work at all.  This means that homeowners are paying hundreds if not thousands of dollars for services they will never receive.  These scams are initiated through mail or by phone and target unsuspecting victims who are merely looking to save their homes.