Loan Modification

"Homeowners may be approached through the mail, telephone or the Internet. These businesses may describe themselves as ?foreclosure consultants,? ?mortgage modification centers? or ?homeowner assistance programs? offering to save the home from foreclosure.

If you receive such a notice, read it very carefully, advises Sich. Just because the mailer includes the words HUD, government or federal does not mean the offer is associated with a government program, she said.