During times of distress, homeowners should be aware of a common fraud known as "foreclosure rescue fraud."
In this scheme, someone may offer false promises of being able to save your home from foreclosure or guarantee a loan modification with a reduced mortgage payment. Common elements of this fraud include the fraudster:
Loan modification scams may operate similarly as fraudsters collect an upfront fee and promise to work with your loan servicer to obtain a modification with a reduced payment on your behalf.
If you have been contacted by someone other than your loan servicer (the company listed on your mortgage statement) who is offering to provide mortgage assistance, do not provide your information.
To help avoid fraud:
If Freddie Mac owns your mortgage and you are a homeowner that has been affected directly or indirectly by COVID-19, mortgage relief options are available.