Scam of the day – April 16, 2012 – Foreclosure scam

Some scams just are worth warning you about again and again because they keep on being repeated.  As I warned you about on February 26, 2012,; March 26, 2012; and April 5, 2012; scammers are increasing their efforts to scam people into believing that these scam artists represent federal agencies attempting to assist them in getting some of the 25 billion dollar settlement with Bank of America, Ally/GMAC, CitiMortgage, JPMorgan Chase and Wells Fargo that will in the future be providing payments to many people who were harmed in the recent mortgage foreclosure crisis.  The newest variation in the scam is that the scammers ask for your bank account number and your bank’s routing number so that money can be wired to you.


No funds are being distributed at this time so if someone promises you that they can help you get money now, they are a scammer.  Some of these scammers also charge fees for their services.  There will be no fees to receive settlement funds if you qualify for a payment.  For information that you can trust, go to the settlement’s website  And don’t give any personal information such as your bank account number of your Social Security number to anyone over the phone whom you have not called and are absolutely sure are legitimate.


Scam of the day – April 5, 2012 – Mortgage scam update

As I warned you in “scams of the day” on February 26, 2012 and March 26, 2012, mortgage settlement scams are becoming more and more prevalent and dangerous.  Recently the New York Attorney General warned consumers to be wary of phone solicitations from people purporting to be part of the major mortgage relief settlement with Bank of America, JP Morgan Chase, Wells Fargo, Citigroup and Ally Financial.  Sometimes the scammers lure the victims into providing personal information that can be used for identity theft purposes.  Other times they offer to assist with obtaining settlement funds or a loan modification for a fee.


Don’t trust anyone who calls you on the phone offering such help.  Don’t give your personal information to anyone on the phone whom you have not called and are not positively sure as to who they are.  No fees are charged by banks or HUD approved housing counseling agencies for settlement assistance.  The best place to go for accurate information is the website of the mortgage settlement, which is