Foreclosure Rescue Scam Advice from OCC

Published: April 30, 2009

Foreclosure Rescue Scam material now available from Office of the Comptroller of the Currency. No word yet on when we’ll get brochures helping us avoid getting ripped-off by the government itself.

Conventional Residential Lending Report

Bank Regulators Warn Consumers about Foreclosure Rescue Scams

The Office of the Comptroller of the Currency (OCC, the federal regulator of national banks) and the Office of Thrift Supervision (OTS, the federal regulator of savings associations) have both issued flyers warning consumers about foreclosure rescue scams. Both flyers provide concrete, practical advice on avoding the kinds of high pressure tactics and abusive practices engaged in by the scammers. Families with equity in their homes are particularly at risk, but anyone paying for these services is likely to be sorry. Free counseling is available from HUD-approved counseling agencies.

OCC: Consumer Tips for Avoiding Mortgage Modification Scams and Mortgage Rescue Scams
OTS: Foreclosure Rescue Scams/How to Avoid Becoming a Victim
HUD-Approved Counseling Agencies

Last modified: April 30, 2009 at 9:34 am | Originally published: April 30, 2009 at 9:34 am
Printed: September 29, 2020