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June 19th, 2010
02:30 AM ET

How to Spot a Mortgage Modification Scam

The Justice Department says it has made almost 500 arrests since March in a mortgage fraud probe called Operation Stolen Dreams. Attorney General Eric Holder says the government will use every law enforcement tool available to prosecute those who prey on vulnerable homeowners. With mortgage delinquencies at an all-time high, there are lots of desperate homeowners trying to avoid losing their home to foreclosure - and tons of scam artists trying to take advantage of that.

Look for financial expert and housing analyst Clyde Anderson's Home School segments in the 7 o'clock hour of CNN Saturday Morning with TJ Holmes.

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  1. John

    I think the guy that was asked to pay for extra weight on his bag should have paid it or show his orders go back to Middle East. He should know by now rules are rules. The gate person can't read his mind and he and his family need to get over the fact he is in the miltary and realize he is no better than anyone else. He isn't helping us at all by being in the WAR, he is a killer and should be behind bars, but God will take care of him later! Murder is Murder God doesn't give a pass for which side your on or orders you may have..He will have a special seat to HELL! Have a good trip.

    June 19, 2010 at 5:32 am |
  2. MJM

    Just caught the bit on modification scams and saw that there was a claim that the FTC banned the Making Home Affordable site. What I don't understand is, if this is true, how they were able to get a .gov website and why it's still up and running. Even more, the Fannie Mae site links folks directly to the website. I am really interested in hearing more about this. Was that claim made in error? Is the claim incorrect but was still made by this guy? Kind of odd that's for sure.

    June 19, 2010 at 9:36 am |
  3. Carl

    Never use a mortgage company to secure a loan. They sell fraud products and make it so easy for you to get. They lobby and pay Republicans big money to continue to operate under the radar. Secure a 30 year fixed loan without strings from a bank or a credit union and before signing anything let your real estate lawyer look it over first.

    June 19, 2010 at 12:10 pm |