Prevent Loan Scams

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Homeowners Should Look Out for "Helpful" Scammers

The report says these scams are taking advantage of the one in nine homeowners in America who is more than 90 days behind on his mortgage payments.

Richmond-based Housing Opportunities Made Equal was one of the organizations that conducted investigations for the study, which took place between April 2010 and March 2011.

HOME looked into 24 companies offering their services to Virginians, said Amy Nelson, HOME's director of systemic investigations and enforcement.

“These companies were either breaking the law outright or skirting the edge of the law in order to scam vulnerable homeowners out of their last dollars,” she said.


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