HUD announces the launch of PreventLoanScams.org [+Video]

Posted Mar 4 2010 by Melinda Opperman in 

The Department of Housing And Urban Development (HUD) recently announced the launch of PreventLoanScams.org.

HUD is launching this important new consumer protection initiative in partnership with the Loan Modification Scam Prevention Network, a national coalition of public and private enterprises, led by the Lawyers’ Committee for Civil Rights Under Law and including agencies like Fannie Mae, Freddie Mac, and the Homeownership Preservation Foundation (HPF). Springboard was a founding member of the HPF and continues to be a proud partner in that organization. As a HUD-Approved housing counseling agency, we are committed to doing our part to help homeowners avoid foreclosure. In addition to one-on-one confidential counseling, we offer resources like HomeOwnership.org to help people learn more about loan modifications and other options available to help individuals save their homes and avoid foreclosure.

PreventLoanScams.org is an online reporting tool to identify and combat loan modification scammers. You may sign up there for email alerts, learn more about loan scams, or file a report if you are confronted by what you suspect may be a loan modification scam.

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About the Author

Melinda OppermanMelinda Opperman is an exceptional educator who lives and breathes the creation and implementation of innovative ways to motivate and educate community members and students about financial literacy. Melinda joined the Springboard team in 2003 and has over 19 years experience in the industry. Learn more about Melinda.View all posts by Melinda Opperman →

  • http://www.credit.org Stephanie M. Ooley

    I had the pleasure of attending this event in down town Riverside last month. I am amazed by all of the agencies that have come together to crack down on modification/loan scams. Not only are they working hard to help families recover from being scammed but are working hard to take preventative measures to ensure families are getting the education and help they need to aviod being scammed at all.

  • Joe Monterrosa

    Great tool to address the issue of loan modification scammers from charging fees to "help" consumers get modifications.

  • Claudio Espino

    No one should have to pay for a loan modification. If you been a victum of a scam, this is the place to submit your complaint. The online form is easy to use and also available in Spanish.

  • Antonio De La O

    I also had the opportunity to attend this event and I was glad to know that Springboard is so involved in understanding and educating ourselves on the new processes, procedures and programs that are created to help clients avoid getting scammed. It was also amazing to see how many other organization are out there that have the same interest as we do and that is to protect our clients from fraudulent agencies.

  • Diana Trinidad

    Great tool to prevent from being scamed and specially the fact that this information is offered in spanish, helpfull for the spanish speaking to understand and be able to report these people that just want to take their money…. at the end your lender makes the last decision not these scamers… dnt let them lie to you GET INFORMED!! Good to know about this site!! =D

    INFORMESE!!

Promoting Financial Literacy Since 1974