Beware of Pinocchio – Sandpoint Foreclosures Create Victims
Sandpoint, Idaho is in for a treat when the Missoula Children’s Theater performs Pinocchio at the Panida Theater on Saturday.
Lots of us grew up with the wooden boy whose nose grew with every lie he told.
If this could truly happen you might want to beware the foot long faces that are promising to help you avoid foreclosure FOR A FEE! Attorney Generals in many states are fighting back on behalf of homeowners that have turned to companies that have sprouted overnight promising relief’ only to find out that they have been relieved of their “up front” fee.
It’s called the “Loan Modification Industry” and it is peopled with liars and con men that do not keep their promises and run off with thousands of dollars from their victims despite iron-clad money-back guarantees.
These loan modification companies claim they can get your mortgage payment reduced and prey upon the desperation of homeowners that have run out of options.
One company posed as a U.S. Government Agency, touting a 98 percent success rate in homeowner assistance. None of their clients obtained relief and they paid up front fees of $1,200 to $3,500 dollars each.
Hard times can make people more susceptible to criminal activity. If you have questions and need answers about loan modification programs I will help you and there is no fee.
It’s more important than ever that we all contribute what we know to assist each other as we work through the slow process of economic recovery.
No lie.
