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Beware of Foreclosure Scams

Scam artists are stealing millions of dollars from distressed homeowners by promising immediate relief from foreclosure or demanding cash for counseling services. The truth is that HUD-approved counseling agencies provide counseling services free of charge. If you receive an offer, information, or advice that sounds too good to be true, it probably is. Remember, help is free at the U.S. Department of Housing and Urban Development (HUD).


How to Spot a Scam

Beware of a company or person who:

  • Asks for a fee in advance to work with your lender to modify, refinance, or reinstate your mortgage.
  • Guarantees they can stop a foreclosure or get your loan modified.
  • Advises you to stop paying your mortgage company and pay them instead.
  • Pressures you to sign over the deed to your home or sign any paperwork that you haven't had a chance to read and don't fully understand.
  • Claims to offer "government approved" or "official government" loan modifications.
  • Asks you to release personal financial information online or over the phone, though you have not been working with this person and/or do not know them.

How to Report a Scam

If you think you've been involved of scam, you'll want to do one of the following:

  • Visit the Loan Modification Scam Prevention Network at and submit an online complaint form. You can also fax, e-mail, or mail the completed form by referring to the back of the form (the Loan Modification Scam Prevention Network is a national coalition of governmental and private organizations led by Fannie Mae, Freddie Mac, NeighborWorks America™, and the Lawyers' Committee for Civil Rights Under Law).
  • Call 1-888-995-HOPE (4673) and inform the counselor about your situation and that you think you've been involved in a scam. The Homeowner's HOPE™ Hotline provides free, 24/7 comprehensive foreclosure assistance and housing counseling services.

Alternatives to Foreclosure

If you're having trouble keeping up with your mortgage payments, we may be able to help. 

Learn More about alternatives to foreclosure