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07/22/11

Loan Scam Modification Network Issue Brief Featured in Seattle P-I, Others

Seattle P-I:

 

"As of July, homeowners nationwide have reported more than $40 million in losses from fees paid to fraudulent and deceptive "rescuers," complaints submitted to the Lawyer's Committee's for Civil Rights Under Law since February 2010 show. Homeowners age 51 and older reported losses of more than $16 million, a 41 percent of the losses reported."

To read the full Seattle Post-Intelligencer article, click here.

Reverse Mortgage Daily:

"Older Americans are the hardest hit by foreclosure rescue scams, in what amounts to a total of more than $40 million in losses from fees paid to fraudulent and deceptive "rescuers," says an issue brief from the Lawyers' Committee for Civil Rights Under Law.

To read the full Reverse Mortgage Daily News article, click here.

Senior Housing News:

"Scams targeting the population of those who are ages 51 and older account for 41% of that total, amounting to more than $16.5 million as of July 2011."

To read the full Senior Housing News article, click here.

RealEstateRama:

"The Lawyers' Committee for Civil Rights Under Law applauds today's launch of the Consumer Financial Protection Bureau (CFPB).  To mark this momentous date in the fight for consumer protections, the Lawyers' Committee released an issue brief on the severe impact of the ongoing foreclosure rescue scam crisis on older Americans."

To read the full RealEstateRama article, click here.

For the full press release on the issue brief, click here.