{"id":2391,"date":"2012-03-19T14:28:56","date_gmt":"2012-03-19T14:28:56","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=2391"},"modified":"2012-03-19T14:28:56","modified_gmt":"2012-03-19T14:28:56","slug":"mortgage-settlement-could-lead-to-more-scams","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-settlement-could-lead-to-more-scams\/","title":{"rendered":"Mortgage Settlement Could Lead to More Scams"},"content":{"rendered":"

Mortgage Settlement Could Lead to More Scams.<\/h2>\n
\"Mortgage<\/a>

Mortgage Settlement Could Lead to More Scams<\/p><\/div>\n

The recent announcement of the $25 million mortgage settlement<\/strong> between five major banks and state and federal government officials was probably welcome news to many people in the real estate business. But it has at least one downside: It will probably cause a rise in scams targeting borrowers seeking assistance.<\/p>\n

Currently, between $4 billion and $6 billion is lost each year due to borrower-assistance swindles, says Joanne Kerstetter, vice president of education and community relations for Money Management International, a credit counseling service based in Sugar Land, Texas. Those numbers could go up over the next few years as scammers take advantage of the mortgage deal in their schemes.<\/em><\/p>\n

\u201cThey\u2019ll use government terms,\u201d Kerstetter says. \u201cThey\u2019re going to sound very official, as if they\u2019re part of the settlement.\u201d<\/p>\n

Also, some of these scammers will guarantee access to borrower assistance funds. That\u2019s a major red flag, she says. \u201cGenerally speaking, the advertisements that say, \u2018Call us to get money,\u2019 are not representing organizations officially involved with the settlement,\u201d Kerstetter says.<\/p>\n

In general, consumers should be wary of any company that reaches out to them with unsolicited offers of assistance. If they need help, they should contact their lenders or a financial counseling agency certified by HUD, Kerstetter says.<\/p>\n

\u201cThe important thing is not to release any contact information to anyone who approaches you,\u201d she explains. \u201cDon\u2019t sign anything unless you\u2019re clear about what you\u2019re signing and that your mortgage lender is involved in the process. If you\u2019re making payments, make sure they\u2019re going to the loan servicer or mortgage provider<\/span>.\u201d<\/p>\n


\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Mortgage Settlement Could Lead to More Scams. The recent announcement of the $25 million mortgage settlement between five major banks and state and federal government officials was probably welcome news to many people in the real estate business. But it has at least one downside: It will probably cause a rise in scams targeting borrowers … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4],"class_list":["post-2391","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","item-wrap"],"yoast_head":"\nMortgage Settlement Could Lead to More Scams - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Mortgage Settlement Could Lead to More Scams. $4 billion - $6 billion is lost each year due to Mortgage borrower-assistance swindles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-settlement-could-lead-to-more-scams\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-settlement-could-lead-to-more-scams\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-settlement-could-lead-to-more-scams\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Mortgage Settlement Could Lead to More Scams\",\"datePublished\":\"2012-03-19T14:28:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-settlement-could-lead-to-more-scams\\\/\"},\"wordCount\":294,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-settlement-could-lead-to-more-scams\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2012\\\/03\\\/scam-alert.gif\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-settlement-could-lead-to-more-scams\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-settlement-could-lead-to-more-scams\\\/\",\"name\":\"Mortgage Settlement Could Lead to More Scams - 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