Monday, July 12, 2010

Beware of loan modification scam

The Housing Partnership, a non-profit organization in Dover, conducted a Loan Scam Alert event, providing information on loan scams against those departing into foreclosure. This happening was one of more than 150 loan amendment scam awareness events held to inform tens of thousands of homeowners on how to evade and report loan modification scams.
Eight college and high school students, led by Donald Marulanda, a student intern at the Housing Partnership, walked door to door to over 1,000 households in Dover.

The alert is to help keep people from becoming victims of scams. The events during Neighbor Works Week will help homeowners learn how to avoid and report loan modification scams, which will sustain the dream of homeownership for thousands. Ken Wade, CEO of NeighborWorks America stated that: Promoting, preparing and protecting long-term homeownership has been a Neighbor Works Week tradition for 26 years.
The Housing Partnership, a United Way agency and a Neighbor Works America chartered group, helps promote home ownership through group education, one on one counseling and matched savings clubs.

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