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Homebuyers beware of fake HAMP offers

Justice League

Housingwire:

With Home Affordable Refinance Programextended into 2017, it also means that the threat of scammers pretending to offer government-sponsored modifications isn’t going away. Beware.

The threat, as mentioned in a blog piece from PennyMac, focuses on the Home Affordable Modification Program, which will still end at the end of the year, but borrowers should always be on guard for scammers.

PennyMac stresses that borrowers need to beware of fraudulent “Making Home Affordable” offers.

“Owning a home can be expensive and, as one of your largest assets, it’s important to protect. As a homeowner, you may receive hundreds of offers a year to refinance or modify your home loan, promising a lower monthly payment. Unfortunately, not all offers are legitimate,” the blog stated.

The scam:

There are companies out there targeting homeowners with fraudulent offers. These scammers call and mail homeowners pretending to be your mortgage servicer…

View original post 179 more words

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