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02/28/10

HUD Touts PreventLoanScams.org Website

Touting it as, "a major step in the fight against loan modification scammers," the U.S. Department of Housing and Urban Development (HUD) issued a press release announcing its partnership with the Loan Modification Scam Prevention Network in launching the www.PreventLoanScams.org website and national scam complaint form.

"Troubled homeowners lose time and money when they are tricked by con artists who promise to help but never do," said John Trasviña, HUD Assistant Secretary for Fair Housing and Equal Opportunity. "This initiative combines the collective energies of public and private enterprises to strengthen the ability of law enforcement to prosecute scammers and protect homeowners."

HUD is a key partner in the fight against loan modification scammers.  They have taken numerous steps to publicize the Loan Modification Scam Prevention Network's online complaint form, including contacting over 2,400 of their certified housing counselors requesting that they use utilize it to report scams while working with homeowners.

For more information, read the Housing and Urban Development press release "HUD Advances Fight Against Loan Modification Scams"