Thursday, February 18, 2010

U.S. Senator Mikulski and NeighborWorks America Unite to Fight Loan Modification Scams

U.S. Senator Barbara A. Mikulski, NeighborWorks America COO Eileen Fitzgerald and other federal, state, and local government agencies, nonprofit organizations and financial institutions launched the national Loan Modification Scam Alert campaign at the Seat Pleasant Activity Center in Prince George’s County, Maryland on February 17. The “Loan Modification Scam Alert” campaign provides Maryland residents facing the possibility of foreclosure with vital information so they can guard against loan modification scams, find trusted help, and report illegal activity to trusted authorities.

“These are the toughest of times. People are anxious about their jobs, bills, and how to keep their homes. But where there is need, there is greed – and where there’s greed, there’s scam and scum,” said Senator Barbara A. Mikulski (D-Md.). “Maryland has been hit hard by slick scammers and schemers preying on families in a tight spot. That’s why I am so proud to join NeighborWorks in announcing the Loan Modification Scam Alert campaign. Today our message is clear: where there is scam and scum, we’ll go after it. Help for homeowners is just a phone call away.”

“Too many residents in Prince George’s County and the state of Maryland are losing thousands of dollars and their homes to scam artists who make big promises and then do little or nothing to help them save their homes,” said Eileen Fitzgerald, Chief Operating Officer of NeighborWorks America. “Anyone can be a victim and the people of Maryland need to know what resources are available to them. Knowledge is the best defense, which is why we’re equipping homeowners with the tools they need to minimize their risk and stop scammers in their tracks.”

Read more in the NeighborWorks Newsroom.