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Mortgage Modification Scams: Should You Hire Legal Representation?

If you’re in the unfortunate situation of facing a foreclosure, there’s a possibility you’ll receive mail from a mortgage loan modification company promising to help you save your home. Beware, as many of these offers are scams. Here’s what you need to know about mortgage modification scams and whether you should hire legal representation if you find yourself in a pending trial involving one.

What You Should Know About Mortgage Modification Scam?

When you’re facing a foreclosure, you feel vulnerable and scammers know it. Although an offer might look and sound official, this is only because scammers use specific tricks to win your trust and get you to call them and sign up for their mortgage modification services. To do this, they might:

  • Name their companies so they sound like they’re affiliated with official federal agencies or programs
  • Assure you that they’ve helped many in your position
  • Claim that they’re backed by a reputable attorney
  • Offer a money-back guarantee and promise they’ll save your home

Yes, You Should Retain Legal Representation

In a best-case scenario, you’ll consult an attorney when you receive a mortgage modification offer you’d like to look into. But if you’ve fallen to a mortgage modification scam already, take immediate action and hire legal representation to help you through the trial. Your attorney will guide you through each step of the process.

If you’re a victim of a mortgage modification scam, report it to the right authorities right way – the Federal Trade Commission, your state Attorney General’s office or your local Better Business Bureau. Your attorney will be able to help with that, too.

Stephen K. Hachey, a Florida foreclosure attorney, can help your wade through this process and determine a positive solution. Contact him at 866-200-4646.

The opinions in this post are solely those of the author. The author takes full responsibility for the content. Like all blog posts, this is offered for general information purposes and does not constitute legal advice.