Protect Yourself from a Loan Modification Scam
Loan modification scams are schemes where companies take advantage of homeowners facing foreclosure. The Mortgage Assistance Relief Services (MARS) Rule makes it illegal for companies to collect any fees until a homeowner receives an offer of relief from their lender and accepts it.
One of the best ways to protect yourself is to recognize the methods used in modification scams.
Zions Bank sponsors the Homeowners Café® as a service to the community; therefore, all information provided should be considered as educational in nature and not as professional services. By utilizing the services of, and the information provided by, the Homeowners Café, you acknowledge and agree this does not constitute any legal commitment to become a customer of any bank, including Zions Bank and its affiliates nor does it constitute an offer of any extension or modification of any credit to you by Zions Bank or its affiliates.