Friday, October 12, 2012

Mortgage Scams

With so many foreclosures nationwide, it's no surprise that people con artists are getting creative with mortgage scams. Nonprofit organizations and government agencies are now getting together to advertise some of these mortgage relief scams and teach homeowners how to avoid them. The local Jacksonville movers learned several Florida men were just arrested last year and charged with defrauding homeowners under the company name of Home Owners Protection Economics or H.O.P.E. This fraudulent company was trying to copy the public-private alliance of lenders, Hope Now, which is actually a group of nonprofit housing counselors and other mortgage industry participants. The H.O.P.E. scammers were telling desperate homeowners that they were approved for a loan modification and asked for upfront fees. These can be anywhere from $1000 to $5000, with an average of $3000.


The All My Sons of Jacksonville movers learned that many scammers use names that are very similar to the government programs and even add logos to their marketing material to give credibility to their fraudulent activity. If you're looking for mortgage relief help, you should try to contact the free Department of Housing and Urban Development approved housing counselors on Hud.gov. The local Jacksonville moving specialists remind you that any legal help will be free, you shouldn't pay any fees.

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