Tuesday, December 30, 2008

Investigations: Loan-Modification Scams Prey on Struggling Homeowners

The latest scam to hit burdened homeowners: loan-modification companies that charge exorbitant fees to help them negotiate better loan terms - a service that consumers can get for free from non-profits. The scam can actually make it harder for struggling homeowners to get help, says this Washington Post piece on the growing problem.

TAGS: fraud, housing, investigations

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