Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Loan Modification Scams in Washington
LOAN MODIFICATION SCAMS IN WASHINGTON
 
Numerous Washington state residents have fallen victim to the mounting housing market crisis, with the majority of these homeowners undergoing hardships, including medical bills, divorce, loss of job, and unaffordable home loans.  Avoiding loan modification scams should be the least of these borrowers' troubles.   However, with a rise of dishonest and fraudulent operations, as well as increasing mortgage loan modification fraud, many homeowners do not know where to turn!  [MSNBC, 5/28/2009]
Unfair or deceptive loan modification scams have plagued the mortgage industry, and deterred countless homeowners from seeking help.  In lieu of such scandalous practices, the Federal Trade Commission is contemplating whether it should ban such for-profit companies from charging fees in advance of loan modifications and helping homeowners avoid foreclosure. 
Federal and state government and the private sector are now targeting loan modification scams and foreclosure rescue fraud, which will allow for reputable loan modification companies to assist those who need it.  While not every loan is fixable, the majority of homeowners can indeed find options to greatly improve their financial situation.
Options include interest rate reduction, foreclosure prevention, or acquiring a more affordable payment, as well as converting high variable rates to low ... more

__________________________________________________
Are you on The Rain? Grow Your Network!