Homeowners should Beware of Mortgage Scams

Homeowners across the US should beware of so-called mortgage counselors that are making money taking advantage of financially strapped homeowners. These companies are charging fees ranging from a couple hundred up to thousands dollars to modify home loans under the Obama administration’s Recovery Plan. Approximately 100 homeowners throughout the country have been scammed by two companies in particular, Hope Now Financial and New Hope Modifications. These companies are presently being sued by the State of New Jersey. Read more…