Google and SIGTARP Go After Loan Modification Scammers

Submitted by georgiana on Wed, 11/16/2011 - 23:15.

Some good news for those who are at risk for scammers came out today. Google and SIGTARP teamed and suspended the accounts of more than 500 advertisers suspected of illegal activities regarding loan modifications.

"The most common scams included asking homeowners for an upfront fee and telling them to stop paying their mortgage and cease all contact with their lender.

They also included diverting mortgage payments to the scammers, transferring property deeds, and releasing personal information. Some also claimed to be affiliated with the federal government."

http://www.nationalmortgagenews.com/dailybriefing/2010_478/sigtarp-googl...