A television news story out of New York warned consumers about mortgage consultant, loan modification, and foreclosure scams. I enjoyed the names the reporter, Melissa Holmes, gave the different variations of the scam.
- Phantom Help
- The Bailout
- The Bait & Switch
Melissa did a good job of warning consumers about some of the foreclosure scams around today to avoid. You can watch her report below.News Coverage of Foreclosure and Loan Modification Scams by Steve Rhode