Homeowner and Rental Fraud & Scams

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The housing crisis and subsequent economic downturn has created an environment ripe for fraud and scams against struggling homeowners. Homeowners facing foreclosure or looking to secure a difficult mortgage often fall victim to criminals who may cost them thousands of dollars, their homes or even jail time.


Common fraud & scams:
Foreclosure Prevention Assistance Scam Home Improvement Scam
Mortgage Fraud Rental Fraud



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Statistics:

On average, consumers lose approximately $3,000 to foreclosure prevention scams.

According to PreventLoanScams.org, in October 2010 alone, homeowners reported losing over $19 million to loan modification scams. (National Loan Modification Scam Database Report, Lawyers’ Committee for Civil Rights Under Law, http://www.preventloanscams.org/tools/assets/files/October-LMSPN-Report-Final.pdf