Mortgage Loan Modification - Phony Counselling Scam

Phony Counseling:

This scam has several variations. In all of them the con artist takes your money and doesn't perform any meaningful service. Here is how it works.

1. The con artist requires that you pay him an up-front fee (usually $1500 to $3000).
2. He then "advises" you not to contact your lender, credit counselor, housing counselor or attorney.
3. Sometimes, he then requests that you make your mortgage payments to him while he "negotiates"
4. At some point, he disappears with your money.