Loan Modification Scam Alert

Loan modification and foreclosure rescue scams are on the rise in Texas.  Loan modification scams often look legitimate and some even replicate government agency websites or use forged letterhead resembling a lender.  Avoid anyone who:

  • Asks for a fee in advance

  • Guarantees that they’ll stop a foreclosure or modify your loan

  • Tells you to stop paying your mortgage company and pay them instead

To report a scam, visit http://www.loanscamalert.org/ or contact the Texas Attorney General’s office at 800-621-0508

 

TSAHC raised funding that was used for the creation of a 30-minute Texas Public Broadcasting Service (PBS) special focused on loan modification scams. To view a video of the broadcast, please click on the picture below.