of a vigorous national campaign to strengthen the fight against loan modification scammers, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) today launched www.PreventLoanScams.org .
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As Student Loan Defaults Increase, So Do the Scams. Some reference the "Obama New Student Loan Forgiveness Program" and make it sound like they are the only ones that can access these.
WASHINGTON – As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times.
Get notified about the latest scams in your area and receive tips on how to protect yourself and your family with the AARP Fraud Watch Network. Skip to content.. New PSA Warns of Medicare Scams.. Member local offers (0) chapters (0) See All Local Map content has been skipped.
Following are six red flags identified by Loan Modification Scam Alert TM, a national public education campaign that Freddie Mac co-chairs, to indicate that you may be dealing with fraud: A company/person asks for a fee in advance to work with your lender to modify, refinance or reinstate your mortgage.
Unfortunately, too many of these offers are simply foreclosure relief scams. They prey on people who are in horrible financial predicaments that have left them in the position of being about to lose their homes. In this post, we’ll outline the most common scams that homeowners face when they are on the brink of losing their homes.
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Is student loan forgiveness real? The answer is yes, but only if college students take action. Taking action involves researching the various student loan forgiveness options and asking questions to clarify part of the somewhat convoluted language of the original legislation.
Loan modifications, forbearance agreements, and repayment plans are different ways that borrowers can avoid foreclosure. (Learn what to do-and what not to do-if you’re facing a foreclosure.). Read on to learn the difference between these options and how they can help you if you’re having trouble making your mortgage payments.