Any Homeowner Can Become A Victim Of Loan Modification Scams

The Washington State Attorney General’s office as well as consumer advocates are warning homeowners, especially African American and minority homeowners, to be wary of loan modification scams. A consumer protection lawsuit was recently filed by the Washington state Attorney General Bob Ferguson against Miriam Lozano, a former Whatcom County loan officer, accusing her of offering home loan modification and bankruptcy services neither of which she is qualified for under state law, then charging hefty and illegal upfront fees, while providing little or no help.