The Obama administration has promised to take on the overwhelming number of foreclosure scams that have cropped up all over the U.S. There are already many open cases being investigated, and they are putting the word out to people who may be in danger of this scam

According to LATimes.com “Illinois’ Madigan said the surest way to identify a potential scam artist is if the company asks for a fee up front after making big promises about being able to get a homeowner out of trouble. Such fraud has gone on for years, Madigan said, and Illinois, along with Maryland and Minnesota, are on the forefront of prosecuting cases and enacting laws that prevent mortgage assistance companies from collecting fees up front.”

This entry was posted on Monday, April 6th, 2009 at 2:23 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.