Attorney General Warns Homeowners of Mortgage Settlement Scams

By | March 12, 2012

(Source: Daily Press, Victorville, Calif. (MCT) —   SAN FRANCISCO • The California Attorney General’s office is warning homeowners to beware of phone solicitations from scam artists claiming to provide assistance related to the recent national mortgage settlement.

Under the state law, it’s illegal to charge an upfront fee for loan modification services.

Third parties that claim to offer homeowners access to funds under the national mortgage settlement are likely running a scam, according to a release from the Attorney’s General’s office. Officials urge homeowners receiving such solicitations should not provide any personal or financial information and should report the solicitation to the Attorney General’s office.

Californians seeking relief under the state’s recent $18 billion mortgage settlement should heed the following tips to avoid becoming a victim:

• Be skeptical of third-party phone solicitations. Only your bank or loan servicer can assist you with regard to the recent national mortgage settlement.

• Do not give your personal financial information to a solicitor such as your bank account number, Social Security number or even the name of your loan servicer. Your bank will already have this information.

• Never pay an upfront fee for mortgage-related services. It is against Ca l i fo r n i a l aw a n d should be reported to the Attorney General’s office.

• Call your bank to see if you qualify for relief under the settlement.

For free advice, call a HUD approved counselor at (888) 995-4673 or call Keep Your Home CA at (888) 954-5337.



©2012 the Daily Press (Victorville, Calif.)

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Source: Daily Press, Victorville, Calif. (MCT)

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