When home owners are faced with losing their home to bank foreclosure they become desperate. Scam artist prey on the weak and offer them salvation to save their home from bank foreclosure. They place attractive ads that convince these poor home owners into giving these fraudulent loan-modification experts money to reconfigure their mortgage loans. These fraudsters say, " Don't contact your bank anymore, and just give our company $5,000 to help reconfigure your mortgage." It is a trap people, don't fall into it like thousands of others have. If you are in the process of losing your home and need help with your past due mortgage, beware of companies that tell you not to communicate with your bank anymore and request non-refundable monies from you to save your home from bank foreclosure.

What else can state and consumer agencies do to prevent homeowners from being conned by these fraudsters?

Remarks and Questions are always welcome.