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Old 12-20-2011, 04:54 AM
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Arrow Avoiding Mortgage Modification Scams

In this economy of falling home prices a lot of people are finding themselves upside down in their mortgages. Add to that high unemployment and a cautious economy and uncertain political climate and you've got a recipe for fraudulent appeals to consumers who have reached the end of their financial rope. Mortgage fraud has always been an issue, but lately mortgage refinancing seems to be the latest popular scam to sweep the nation via mailings and phone solicitations. You need to stay alert and not be fooled into thinking that every mortgage refinancing offer, particularly unsolicited ones, are going to benefit you.

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