loan modification scams

If you are considering working with a loan modification company to avoid foreclosure, here are some tips from the Michigan Attorney General's office to avoid being scammed:

 Don't sign any documents without reading them first.

Don't transfer title or sell your home to the foreclosure rescuer.

Don't pay money to a foreclosure rescuer before any work has been done. This is illegal in Michigan under the Credit Services Protection Act.

Don't ignore letters from your lender/loan servicer.

Don't pay your mortgage payment to someone other than your lender.

Do contact our office directly to speak with a housing counselor for assistance.  Also you can contact HUD at 800-569-4287 or the Michigan State Housing Development Authority at 866-946-7432 for a referral to a housing counselor near you.

Do report scammers to the Attorney General's consumer protection division at 877-765-8388.