Fed to take on Foreclosure Scams
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.”