Avoid Loan Modification & Property Tax & Mortgage Rescue Scams

Don't Be A Victim
Beware of Loan Modification & Mortgage Foreclosure Rescue Scams

Property Tax and Mortgage Foreclosure notices appear in
newspapers and court records.

Some people may try to take advantage of you by contacting you with
special offers, giving you false information or charging you for services.
Mail may often look like it comes from a reputable source.

HUD and MSHDA approved housing counselors
provide free or low-cost counseling. 

Do not agree to work with a counselor who collects a fee BEFORE
providing any services or who accepts payment only by cashier's check
or wire transfer.  

Rescue Scam Prevention Resources

  • CAREFULLY REVIEW all offers to refinance or consolidate your credit card debts with your mortgage.
  • DO NOT PAY high interest rates and large fees on any offer.
  • There should never be a fee for assistance with or information about any government program or to negotiate with your lender. 
  • BEWARE of anyone who says they can “save” your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
  • NEVER MAKE YOUR MORTGAGE PAYMENTS TO ANYONE ELSE other than your mortgage company without their approval - ask for proof.
  • DO NOT sign any documents without reading them first.  Many homeowners think that they are signing documents for a new loan when, in fact, they are transferring title to a new owner.
  • Talk to a housing counselor or lawyer BEFORE you sign anything.
  • DO NOT transfer title or sell your house to the foreclosure rescuer.


Avoid Any Person or Company That

  • Guarantees to stop the foreclosure process – no matter what the circumstances
  • Instructs you to NOT contact your lender, lawyer or housing counselor.
  • Collects a fee before providing you any services.  This practice is illegal in Michigan under the Credit Services Protection Act.
  • Offers to fill out paperwork for you.
  • Tells you to transfer your property deed or title to it.
  • Pressures you to sign paperwork that you have not had a chance to read thoroughly or that you do not understand.


Report Suspected Fraud and Scams

If you think you have been a victim in a foreclosure rescue scam:
 Call the Better Business Bureau in your area,

File a complaint with the Michigan Attorney General’s Consumer Protection Division
online or call toll-free: 1-877-765-8388,

 Make a report at