Avoid Mortgage Fraud

Published On: March 9, 2010

1.  Always avoid offers to modify your mortgage in exchange for upfront fees. No one should expect payment for mortgage modification service other than  commission fees after the modification has been completed. POINT BLANK: Do not pay for the promise of results... pay for the results themselves.

2.  Be suspicious of anyone who guarantees you a motgage modification. Any legitimate agent or servicer should know that the mortgage modification process is complicated and dependant on many factors, and that to guarantee a successful modification is unrealtistic. Fraudulent parties will make this promise to falsely raise your hopes, making them appear as though they are providing a rare opportunity. As common sense suggests, if it sounds too good to be true, it usually is.

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