Battling a foreclosure can be tremendously stressful and at times traumatic, however a homeowner is  never left without an option, and they can start looking for available resources to help them save their home and their credit score. Foreclosure issues, including legalities and technicalities, may overwhelm a homeowner, and this may make them an easy target for people who would like to take advantage of the situation.
Homeowners should beware of foreclosure rescue and mortgage modification scams. Scammers make promises they cannot keep, such as guarantees to save your home or lower your mortgage, for a fee. You should never have to pay for foreclosure assistance. Scammers also may pretend they have direct contact with your mortgage servicer when they do not. It is best to guard yourself and your well being by being informed. Homeowners must beware of anyone who asks for a fee in exchange for a counseling service or modification of a delinquent loan. They also should beware of people who pressure you to sign papers immediately or try to convince you they can save your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
Never make a mortgage payment to anyone without your mortgage company’s approval. It also helps to ask departments regarding offers that you are receiving that seem too good to be true. When dealing with people it is always best to research them. Do not be ashamed to inquire about them and the company they are working with. Most professionals give their information willingly, but scammers tend to hold up on their identity and sometimes talk in an overpowering way that leads you to agree with them and not ask questions. There are a lot of departments out there who can give you information nand help you avoid being scammed, like U.S. Department of the Treasury's Office of the Comptroller of the Currency, which provides tips and materials to help homeowners avoid mortgage modification and foreclosure rescue scams.
The Loan Modification Scam Prevention Network is a national coalition of governmental and private organizations created by Fannie Mae, Freddie Mac, NeighborWorks America™ and the Lawyers' Committee for Civil Rights Under Law to provide resources to educate homeowners about the dangers of loan modification scams and support federal, state and local efforts to combat these scams. If you believe you have been the victim of a scam, you can report the scam through the campaign's online complaint form.
The Financial Fraud Enforcement Task Force maintains a wide list of resources and information to help find and report suspected cases of financial fraud.
If you believe you have been the victim of a scam, file a complaint with the Federal Trade Commission
(FTC). Visit the FTC's online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357) for assistance in English or Spanish.