LOAN MODIFICATION SCAMS IN WASHINGTON Numerous Washington state residents have fallen victim to the mounting housing market crisis, with the majority of these homeowners undergoing hardships, including medical bills, divorce, loss of job, and unaffordable home loans. Avoiding loan modification scams should be the least of these borrowers' troubles. However, with a rise of dishonest and fraudulent operations, as well as increasing mortgage loan modification fraud, many homeowners do not know where to turn! [MSNBC, 5/28/2009] Unfair or deceptive loan modification scams have plagued the mortgage industry, and deterred countless homeowners from seeking help. In lieu of such scandalous practices, the Federal Trade Commission is contemplating whether it should ban such for-profit compa...
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