What We're Hearing…
We continue to hear stories about scattered loan modification scams. One loan investor told us he ran into a loan-mod company operating in Southern California under five different names. He said the loan-mod company temporarily prevented him from foreclosing on one of the loans he bought and then tried to work out a settlement with him — which he declined. The investor said the loan-mod firm is charging consumers between $2,000 and $5,000 for their services…
Be careful.
