Home Foreclosure Scams: Attorney General Cracks Down on Firms Preying on Desperate Homeowners Facing Foreclosure

Home foreclosure scams have contineud to grow as the home foreclosure crisis — which began roughly in the fall of 2007 — continues to rage on. And, the more desperate homeowners become, the more they seem to fall, unfortunately, for these scams.

Attorney General Cracking Down: Sends “Cease and Desist Notices” to More Than 180 Companies

Lawmakers are getting tougher though. On June 23, 2010, The Attorney General’s Office sent “Cease and Desist” letters to over 180 companies offering “prevent foreclosure help” to New York residents.

Many of these companies offer to help homeowners facing foreclosure get a home loan modification, and/or other types of stop foreclosure services. The problem is, the vast majority of them charge up-front fees to homeowners — which can run in the thousands of dollars. And in the end, the homeowner is still not able to get any type of help. Many go on to lose their homes.

Sadly, the money spent with the home foreclosure scam artists could have been put to better use, ie, paying on their mortgage, getting resettled in another place, paying down other debt, etc.

How Most Prevent Foreclosure Scams Work

Learn how many prevent foreclosure scams. Then, get some concrete, honest advice on how to avoid home foreclosure scams.   

Prevent Foreclosure Scams: Have You Been Contacted by One of These Companies?

If so, don’t do business with them. They have either been sued and/or are in the process of being sued by the Attorney General’s office for running home foreclosure scams on desperate homeowners.

American Modification Agency, a.k.a. Amerimod

Infinity Mitigation Services

National Modification Service

ABM Mitigation Corporation (“ABM”)

Global Modification Services, Inc.,

Raymond, Louis & Fitch (“RLF”)

Stop Foreclosure: Learn the #1 secret your lender won’t tell you that can prevent foreclosure.

P.S.: Read how one foreclosure cleaning business owner makes up to $40,000/wk.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2010 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.