|
|
Article: National Campaign Empowers Homeowners to Combat Loan Modification Scams.
- Article from:
- Real Estate Weekly News
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Today in Los Angeles, a partnership of local, state and national government agencies, nonprofit organizations and financial institutions gathered at City Hall to launch a national public education campaign designed to help homeowners protect themselves against loan modification scams, find trusted help and report illegal activity to authorities. This was the first of several kickoff events scheduled to announce the "Loan Modification Scam Alert" campaign rollout in major cities across the country.
The national foreclosure rate has reached an all-time high of 7.97 percent, and millions more foreclosures are expected in coming years. "As the foreclosure rate grows, ...