Homeowners Beware: Loan Modification Schemes Out to Take Your Money

Tens of thousands of American homeowners having trouble making their mortgage payments are being targeted by questionable "loan modification" companies, an ABC News investigation has found. "This is a growing problem, and homeowners must be aware that the crooks are out there," Jon Leibowitz, chairman of the Federal Trade Commission (FTC), told ABC News. According to the FTC, loan modification schemes collect thousands of dollars in advance from desperate homeowners while providing little or...Full Story
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