With the economy going through the biggest mortgage crisis the United States has ever encountered, it is a prime time for scammers to take advantage of struggling homeowners across the nation.
It’s crucial to understand that mortgage scams not only hurt the struggling homeowners, but the entire real estate market. Scams have played a huge part of this housing market collapse and subsequent recession. The combination of rising unemployment rates and diminishing homeowner income is leaving Americans scrambling to make ends meet. That means reaching out and believing anyone who offers to save their homes.
Additionally, many people do not know that the applications are free; you do not have to pay anyone to fill out an application. You can complete it online at the Home Affordable Modification Program’s website at www.MakingHomeAffordable.gov .