You told us you hope to prevent other homeowners from falling for the "mortgage rescue" pitch of companies like RMA Legal Network. Sadly, losses to American homeowners from these schemes total at least $83 million, according to the Loan Modification Scam Prevention Network, which gathers complaints in partnership with local, state and federal law enforcement.
Homeowners who are struggling should check out www.preventloanscams.org to learn how to spot fraudulent offers and find help. A few red flags: A company guarantees it can obtain a modified mortgage, but only if the consumer pays them a large fee in advance. They may also tell homeowners to stop paying their current mortgage and stop communicating with their lender.
Other good sites are www.HUD.gov, where homeowners can find certified housing counselors, and www.hopenow.com, a joint project of the lending industry and non-profit agencies.
- The ABC News Fixer
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