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Real Estate & Property Law

: The Home Equity Theft Reporter

Mortgage Servicers Drifting Into Upfront Fee Loan Modification Scam Racket??? Media Intervention Helps Undo Screwing Over Of Two Arizona Homeowners

By r morris

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In Phoenix, Arizona, KPHO-TV Channel 5 reports:Many homeowners say their banks won't call them back regarding a loan modification; however, some homeowners are paying hundreds of dollars for a loan modification only to have the bank foreclose on them.Valley resident Miguel Lozania said he was approved for a loan modification, so he signed his paperwork and sent the bank the $900 fee. "It sounded

Full post as published by The Home Equity Theft Reporter on September 23, 2009 (boomark / email).

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