Look Before You Leap: Out to quell foreclosure-related scam
The following article appeared in today's Star Tribune.
Look Before You Leap: Out to quell foreclosure-related scam
The Look Before You Leap campaign warns of illegitimate loan modification companies. There will be an event at 10:30 a.m. Tuesday on the East Side of St. Paul, one of the areas hardest hit by foreclosure, featuring homeowners who have agreed to share their horror stories.
Patricia Goff got taken not once, but twice, by shoddy loan modification companies promising to fix her mortgage woes for an upfront fee. Neither delivered and now Goff, 47, is facing foreclosure on the Rosemount home where she lives with her husband and 21-year-old son -- unless she comes up with $34,000 -- more than Goff earns in a year. "They dragged my life out and now it's done. It's too late. There's nothing that can be done because we're a year and a half behind on our mortgage," she said.
Continue reading the story here.
