Alleged Loan Modification Rackets Wanted In Other States Now Operating In Washington Targeting Financially Struggling Hispanic Homeowners

In Yakima, Washingtom, KIMA-TV Channel 29 reports:

• KIMA uncovered a scam preying on our area's Hispanic community. They tell families they can save their homes, with little to no money up front. But these loan modification companies end up being a con. And we found out it has pushed families deeper into debt, and in most cases, into foreclosure. "They get fliers at home or phone calls promising they won't lose their home and they will help them. And it ends up being a fraud," said Isabel Garcia, Single Family Housing Program manager with Catholic Charity Housing Services.

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• Two of the companies allegedly scamming people with loan modification loans are National Modification Service, and Lincoln Lending Services, LLC. Several state government officials are now taking a closer look at their lending practices. KIMA tried contacting both, but their phone numbers either didn't work or didn't exist.

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• Several state attorneys general are now suing these bogus loan modification companies. The AG's say the companies violated the Foreclosure Rescue Fraud Prevention Act and are seeking a temporary injunction against them until a judge decides their case.

For the story, see Home Refinance Scammers Target Hispanic Community.