News Coverage of Foreclosure and Loan Modification Scams

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.

  1. Phantom Help
  2. The Bailout
  3. 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.


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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