Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams and the "criminal loan modification trap" is now warning the public of this latest scam. When the mortgage crisis hit American homeowners full-force, companies offering "foreclosure rescue" and "loan modification" companies sprouted like weeds. Most promised troubled homeowners quick fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and closer to homelessness.
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