Posts Tagged 'distressed homeowner'

HAMP loan modifications: How to avoid getting scammed

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HAMP load modification scams have been front page news over the last year, with Bank of America leading the charge on systematic fraud and deceptive practices inside their loan modification department.

It isn’t only customers of Bank of America putting home owners into foreclosure for fraudulent reasons, banks sell their loans to non-bank loan servicers that are even shadier. Servicers who purchase servicing rights are not obligated to follow through on prior agreements with homeowners on loan modifications that aren’t yet ...

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