Phony Audits: A New Twist on Foreclosure Rescue Scams
By Federal Trade Commission -

WASHINGTON, D.C. – May 10, 2010 – (RealEstateRama) — If you are facing default on your mortgage or foreclosure on your home, watch out for the latest scam: phony “forensic mortgage loan audits.” Con artists claim that for an upfront fee, their audits can help you hold onto your home. Don’t believe them.


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Federal Trade Commission
http://www.ftc.gov/

The Federal Trade Commission (FTC) deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy.

The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

Contact:

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1-877-FTC-HELP (1-877-382-4357)

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