Foreclosure Scams and Loan Fraud

  • 5 Tips: Avoiding Foreclosure Scams
    5 Tips: Avoiding Foreclosure Scams
  • Beware of Foreclosure Rescue Scams
    Protect yourself from opportunity hunters and frauds.
  • Federal, State Partners Announce Multi-Agency Crackdown Targeting Foreclosure Rescue Scams, Loan Modification Fraud
    The U.S. Department of the Treasury, the U.S. Department of Justice (DOJ), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), and the Attorney General of Illinois discussed new initiatives to coordinate information and resources across agencies to maximize targeting and efficiency in fraud investigations, alert financial institutions to emerging schemes, step up enforcement actions and educate consumers to help those in financial trouble avoid becoming the victims of a loan modification or foreclosure rescue scam.
  • Foreclosure Rescue Scams Are Going Strong
    The housing market in the United States may not be thriving, but business is booming for foreclosure rescue and loan modification scammers. A GAO report says there are two main types of foreclosure rescue and loan modification scams: advance-fee loan modification schemes and sales-leaseback schemes, with advance-fee schemes being the most common.
  • Phony Audits: A New Twist on Foreclosure Rescue Scams
    If you are facing default on your mortgage or foreclosure on your home, watch out for the latest scam: phony "forensic mortgage loan audits." Con artists claim that for an upfront fee, their audits can help you hold onto your home. Don't believe them.