As the housing crisis continues, companies promising help with mortgage modification and foreclosure relief have been rapidly increased throughout the country. But in reality many of these firms have established with an intention to deceive people. There aim is to scam people who are already in distress.
Below we have given you few tips on how to spot a potential scam, from the National Endowment for Financial Education:
1.You should always be suspicious of unrequested mail
Watch out for letters that resembles government forms or bear logos that are identical to the government seals. Search out misspelled words, language that includes extreme warnings and references to government programs which according to them you can’t access without their help.