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Pace and Prosperity Show: Loan Mod Scams

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Natalie Pace

Natalie Pace

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The predatory mortgage and real estate brokers who fueled the boom/bust cycle of subprime have now jumped across the table and are taking your money (again) to supposedly help with loan modification programs. One unfortunate homeowner (whose home is on the auction block now) paid $3000 to a self-proclaimd loan mod expert who only got $40 reduced on the payment, ruined his credit rating and has now forced the bank to foreclose (by suggesting the homeowner stop making payments). Since the loan mod expert also recommended that the person stop making their car payments, this person may not even be able to sleep in his car! BEWARE! There are some great organizations, which have helped over a million homeowners stay in their homes. And they can all be found in one place and one place only. Learn where and how to get reputable help and avoid being involved in yet another real estate scam to take your dough.

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