Stories from Scammed Homeowners

Real Stories

Jose Santander

Canal Winchester, Ohio

Jose Santander was not a victim of a loan modification scam. But he has certainly been a target.

For months, Jose was bombarded by special offers to help him modify his loan and save his home. He accumulated stacks of applications asking for sensitive financial information in return for lower mortgage payments. Some of the letters came disguised as legitimate resources—advertising assistance that appeared to be supported by "government" or "federal" housing programs.

These scam artists prey on people's fears and misfortunes. They are like lions waiting to pounce. Companies also pursued Jose aggressively by phone, tempting him with big promises. "They told me they could work out a low mortgage payment if I gave them $2,500 up front," he said. When one caller asked for his Social Security number, Jose quickly ended the discussion. "Fortunately, I knew not to share those details over the phone, especially with someone I didn’t know or have any past relationship with."

Jose reported the incident to Columbus (OH) Housing Partnership. Today, he remains vigilant and hopes more people will learn how to avoid being deceived by a loan modification scam. "I tell my family and friends to beware of companies and advertisements that make big promises," he said. "These scam artists prey on people's fears and misfortunes. They are like lions waiting to pounce."

Common Scams