When the Obama Administration recently announced the Making Home Affordable Program it also opened the door to more mortgage scams! This was or is not the intent of this program. It is designed to assist up to nine million American families refinance or modify their loans to a monthly mortgage payment that is more affordable.
Due to the over¬whelming interest in the plan, homeowners are increasingly becoming the target of scammers trying to take advantage of families with false promises and steep fees to provide foreclosure assistance. With President Obama's plan, a homeowner NEVER has to pay to participate in the program. If you wish to obtain counseling assistance, HUD urges you to contact a local HUD-approved housing counseling agency to en¬sure they are receiving legitimate information.
Need some help?? Try the following listings, I bet that you might just find what you are looking for!
Making Home Affordable
www.makinghomeaffordable.gov
HUD Approved Counselor
www.hud.gov/offices/hsg/sfh/hcc/
HUD
www.hud.gov
HUD Housing Counseling
800-569-4287
Hope Now
888-995-4673
According to the HUD website the FTC is the lead agency in the fight against this type of fraud:
The U.S. Federal Trade Commission works for the consumer to pre¬vent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them.
If you feel you have been a victim of a foreclosure scam, to file a complaint or to get free information on consumer issues, contact: www. ftc.gov or 877-FTC-HELP (1-877-382- 4357); TTY: 1-866-653-4261
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