Scammers call or email, pretending to be from the VA or your home loan servicer. They claim if you pay them an upfront fee, they can get you a loan modification or refinancing to avoid foreclosure, so you can keep your home. But thats illegal. Do you know your rights when it comes to getting relief for your mortgage debt?
- Don’t pay any money until the company delivers the results you want. The Mortgage Assistance Relief Services (MARS) Rule (also called Regulation O) makes it illegal for a company to charge you a penny unless it’s given you a written offer for a loan modification or other relief from your lender or servicer and you accept the offer.
- Before you sign with them, the company must tell you
- theyre not associated with the …
Read the full article at: https://consumer.ftc.gov/consumer-alerts/2023/11/veterans-need-help-mortgage-debt-know-your-rights
- theyre not associated with the …