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Making Home Affordable An official program of the Departments of the Treasury & Housing and Urban Development

 

 Beware of Foreclosure Rescue Scams!

Real Help is Free!

Foreclosure rescue and mortgage modification scams are a growing problem that could cost you thousands of dollars – or even your home.

Scammers make promises that they can't keep, such as guaranteeing to "save" your home or lower your mortgage, usually for a fee, often pretending that they have direct contact with your mortgage servicer – which they do not.

Tips to Avoid Scams:
  1. Beware of anyone who asks you to pay a fee in exchange for counseling services or the modification of a delinquent loan.
  2. Beware of people who pressure you to sign papers immediately or who try to convince you that they can "save" your home if you sign or transfer over the deed to your house.
  3. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
  4. Never make a mortgage payment to anyone other than your mortgage company without their approval.
  5. ​Download additional tips to avoid mortgage modification scams.

If you think you've been scammed, file a complaint today.

To report illicit activity involving HAMP, dial the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Hotline at 1-877-SIG-2009 (1-877-744-2009). 

 

Other Government Resources:

Consumer Financial Protection Bureau

The mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans — whether applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

Federal Trade Commision

The mission of the Federal Trade Commission is to prevent business practices that are anticompetitive or deceptive or unfair to consumers.  

Last Updated: 4/8/2014 4:06 PM

Help is a Phone Call Away

888-995-HOPE (4673)
Hearing impaired: 877-304-9709 TTY

As you enter a process that can sometimes be overwhelming, it would be in your best interest to engage a housing expert to help you along the way. Let a HUD-approved housing counselor help you understand your options, prepare your application, and work with your mortgage company.

Hear it from Homeowners

Curtis and Darlene, Chicago IL

Curtis and Darlene of Chicago, IL

Curtis and Darlene had lived in their home for 35 years when Curtis lost his job. That’s when MHA helped them cut their mortgage payments in half.

Beware of Scams

 

Unfortunately, and far too often, homeowners looking for mortgage help end up victimized by scam artists. Know the warning signs to protect yourself, your money, and your home.

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