Thursday, January 21, 2010

NeighborWorks America COO Eileen Fitzgerald Urges Homeowners to Watch Out for Loan Modification Scams

In an interview with nationally syndicated Home and Family Finance Radio, NeighborWorks America COO Eileen Fitzgerald talked about a growing problem across the country: homeowners facing foreclosure losing their money and their homes to loan modification scams.

She urged homeowners to be cautious about whom they go to for help when facing foreclosure and described some of the warning signs that a scam may be taking place. Fitzgerald directed homeowners to, the Web site of a national campaign that Congress asked NeighborWorks America to launch to raise awareness of this national problem. She also said homeowners in trouble can find free, trusted help by going to to locate a HUD-approved housing counselor.

Listen to the interview here. It is the first Home and Family Finance podcast listed and the segment starts about 10 minutes into the broadcast.