People facing the possibility of home foreclosure often find themselves in a difficult emotional state. According to the Florida Attorney General’s Office, one Florida loan modification company has been making it worse.

According to ABC’s wpbf.com, American Home Solutions Group has had numerous complaints filed against it with the Attorney General’s Office, as well as with the Better Business Bureau of Southeast Florida and the Caribbean.

The Better Business Bureau has a grading system for companies. American Home Solutions Group is listed as having an ‘F.’ No one could be reached for service or comment at American Home Solutions Group; the office is locked and empty.

The Making Home Affordable program is a program intended to promote mortgage loan modifications put in place by the Obama Administration in early 2008. Since 2008, many foreclosure rescue scams been created, however, and it can be hard to know what is real and what is a scam.

According to makinghomeaffordable.gov, the federal program’s website, consumers should beware of anyone who asks you to pay an up-front fee in exchange for a counseling service or modification of a delinquent loan. The website further states that scam artists often target homeowners who are struggling to meet their mortgage commitments and are anxious to sell their homes.

Anyone who pressures you to sign papers immediately or who tries to convince you that they can “save” your home if you sign or transfer over the deed to your home is likely trying to scam you.

Homeowners facing foreclosure who believe that they have been taken advantage of are advised to call the Florida Attorney General’s office at 866-9-NOSCAM or to visit the office’s Mortgage Fraud page on its website and download a complaint form.

The Attorney General has a Mortgage Fraud Task Force which has over 50 active investigations now pending.

Sources:

  • ABC’s wpbf.com, “Loan Modification Company Targeted by Attorney General,” December 14, 2010
  • makinghomeaffordable.gov