After the mortgage crisis, Federal funds were set aside for various programs to reduce foreclosures, including programs that help homeowners with Federal Housing Administration (FHA) loans to reduce mortgage payments and avoid foreclosure. Applying for this is free, as is the loan modification advice of counselors whom HUD (Department of Housing and Urban Development) has approved. Unfortunately, there are people out there trying to scam individuals out of their money, or rights, by promising a connection with these programs.
Craig Wisnom, attorney with Bogutz & Gordon and legal contributor for KVOA News 4, discusses details signs of scammers on the News 4 at 4:00 program. For more information, visit http://www.bogutzandgordon.com or call (800) 688-2568.
Duration : 0:3:58
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