Issues

• The Foreclosure Crisis
  Coming on the heels of a decade of rapid growth in real estate prices, the foreclosure crisis has had wide-ranging consequences for homeowners, communities, financial institutions, and the country at-large.
• The Loan Modification Scam Crisis
  It is within the context of the foreclosure crisis that the scourge of foreclosure rescue scams -- the "second wave" of foreclosures -- has grown so significantly. Before the real estate market collapsed in 2006, there was no "loan modification industry." Today, the loan modification industry is booming.

For Homeowners

• What are Loan Modification Scams?
  Loan modification scams are schemes in which unscrupulous people take financial advantage of homeowners facing foreclosure. Scammers target homeowners in distress guaranteeing help with saving their homes. In reality, the scammers may hasten foreclosure by charging expensive upfront fees, doing little to no work, taking title or redirecting mortgage payments.
• How Do I Know if I am a Victim of a Scam?
  The easiest way to determine if you are a victim of a loan modification scam or have been approached by a potential scammer is to just ask yourself two simple questions.
• Report a Scam
  Help stop the scourge of Loan Modification Scams! If you think you have been scammed, call 1-888-995-HOPE or submit a complaint on this website using our online complaint form.
• Nationwide Prosecutions Against Alleged Scammers
  Across the country law enforcement and regulatory agencies have brought criminal, civil and/or administrative actions against numerous companies and individuals alleging involvement in loan modification scams and other foreclosure rescue schemes.
• Foreclosure Assistance
  It is important for homeowners to know that services to avoid foreclosure can be FREE. In fact, homeowners should never pay for help with a loan modification. There are many reputable organizations that provide free assistance to homeowners facing foreclosure.
• Other Sources of Information
  You may find helpful information about avoiding foreclosures and loan modification scams at the websites of our partners.

For Counselors and Partners

• Partner Toolkit
  Valuable resources that will help you fight loan modification scams in your area.
• Why You Should Get Involved
  The Loan Modification Scam Prevention Network will provide national resources to support and enhance on the ground efforts by state and local law enforcement and non-profit organizations that are combating loan modification scams.
• Nationwide Prosecutions Against Alleged Scammers
  Across the country law enforcement and regulatory agencies have brought criminal, civil and/or administrative actions against numerous companies and individuals alleging involvement in loan modification scams and other foreclosure rescue schemes.
• How You Can Help Stop Loan Modification Scams
  The most important way for partners to help the Network in its mission to fight loan modification scams is by reporting incidents on behalf of homeowners to our national Database.
• About the National Loan Modification Scam Database
  The Loan Modification Scam Prevention Network has created the national Loan Modification Scam Database to collect a large amount of complaints to get a clear picture of the loan modification scam crisis nationwide and allow the Network to better assist federal, state, and local law enforcement efforts.
• How Does My Organization or Agency Become an Official Partner of the Network?
  Anyone can use the simple online complaint form found on this website. More broadly, however, we encourage all organizations and agencies to become an official partner of the Loan Modification Scam Prevention Network.
• Additional Information about the Loan Modification Scam Prevention Network