loan modification scams

State officials are warning homeowners to take a second look before leaping into "mortgage-assistance" deals offered by what appear to be companies tied to their own banks. The latest warning comes from Connecticut, where state Attorney General George Jepsen called out two California companies --...

A nationwide mortgage relief operation is being sued by the Federal Trade Commission for taking advantage of desperate homeowners with bogus loan modification services. The FTC's lawsuit represents the latest action in the agency's ongoing crackdown against swindlers that prey on homeowners who...

A California appeals court has ruled that U.S. Bank conned Claudia Aceves out of her home by tricking her into giving up her bankruptcy protections. Now she can sue the bank for damages and fraud, and conceivably, so could other homeowners in similar situations.

The foreclosure crisis continues to pummel millions of Americans, and it has given rise to new con artists offering false assistance that leaves homeowners even deeper in debt. If you don't want to get kicked when you're already down, here are a few things to remember.

A Denver man was sued by the Colorado Attorney General for allegedly claiming he could use legal tactics to stop foreclosures and eliminate consumers' mortgages. The office also won a judgment against American Mortgage Consultants, which collected money upfront for loan modifications but did...

Scammer ingenuity knows no bounds. In 2010, as in years past, more criminals are taking the trouble to craft schemes, fudge websites, and get rich digg_url = 'http://digg.com/business_finance/Top_10_scams_in_2010_you_might_get_taken_by_2'; off the tight economy and the consumer...

NeighborWorks, a national nonprofit created by Congress in 1974, has launched a campaign that is loan modification scam central: tips on how to spot scams, numbers to call if you suspect you are being scammed and poignant vignettes of people who have been scammed. The timing for a national...

Just when you think you've figured out the bad guys, they come up with another con. But as a group, they made enough dumb maneuvers in 2009 to give us a good start on protecting ourselves in 2010. Here are 10 resolutions to help keep your dollars from flowing the wrong way out of your wallet and...