Empowering homeowners to fight loan scams
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An Alert from the National Urban League
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Our communities have been targeted for predatory loans that have often left families facing foreclosure. Now we are faced with a new threat when looking for foreclosure help: loan assistance scams. To date, scam artists have stolen $38 million from distraught homeowners, and African American homeowners are once again a primary target. According to a recent report, although minorities make up 19.4% of homeowners, we make up almost half of all reported loan scams.
No one ever has to pay for foreclosure prevention assistance. If anyone requests money up front or guarantees they can keep you in your home these are warning signs of a scam and they should be reported. Help from highly trained, HUD-approved housing counselors is always FREE. National Urban League affiliates operate in 40 cities including all of the top 10 states for scam reporting. To find an Urban League housing counselor visit the National Urban League social mobilization platform, I am Empowered, here.
To Report a Potential Scam: If you or someone you know is the victim of a scam, you can report it by going to www.IAmEmpowered.com/LoanScams so your story can be sent to the proper authorities and can help stop these crimes from happening to others! Be empowered!
