At the heart of the current economic crisis is a wave of foreclosures across the nation, nearly 4 million in 2009, which has disproportionately affected countless minorities. Millions of distressed homeowners, particularly minorities, have become vulnerable targets to fraudulent and sometimes criminal third-party scammers, con-artists and thieves.
As part of a vigorous national campaign to strengthen the fight against loan modification scammers, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) has launched www.PreventLoanScams.org. This website is part of the Loan Modification Scam Prevention Network (LMPSN or Network), a broad coalition consisting primarily of government agencies and non-profit organizations which was created to strengthen the fight against unscrupulous scammers preying on homeowners facing foreclosure. The primary mission of the Network is to support existing enforcement efforts at the national, state and local levels by both governmental agencies and non-public organizations, and to educate and warn the public about this scourge.
Please visit www.PreventLoanScams.org and review the tips on how to recognize a scam and how targeted individuals can file a complaint. Help us get the word out by passing on this link to family, friends, organizations, religious institutions and colleagues.
The Loan Modification Scam Prevention Network is hard at work stopping the scourge of scammers preying on distressed homeowners across the country. Join the fight.
Thank you for your continued support.
Barbara R. Arnwine, Executive Director