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NANAY
Receives Funding for Loan Rescue Scam Outreach February 6, 2011 Miami, Florida
- With a $10,000 grant from the National
CAPACD (Coalition of Asian Pacific Americans for Community Development) for
marketing and community outreach to assist families at-risk of foreclosure
and loan rescue scams in Florida. The funding is being provided as a
result of the 111th United States Congress recognizing Florida as one of the
top ten "hardest hit" areas in the nation for loan rescue scams. To combat this issue, Congress asked NeighborWorks? America to launch a national public education campaign. The campaign will empower homeowners to protect themselves against loan modification scams, find trusted help and report illegal activity to authorities. NeighborWorks? America is working with national, state and local partners on the ground including 235 community-based affiliates. Together, we will alert thousands of homeowners in communities at high risk of scam activity through real-life scam stories, fliers, postcards, e-cards, posters, print advertising, local PSAs, events, word-of-mouth and social media activity. All national campaign materials urge homeowners who are contacted or deceived by a scam artist to report it immediately by calling 1-888-995-HOPE (4673) or visiting www.LoanScamAlert.org. The hotline and Web site also connect homeowners to free guidance from a HUD-approved counseling agency. Common scams include private attorneys
and individuals "guaranteeing" homeowners they can stop the foreclosure
process if the homeowner pays them upfront for their services. Once
the payment is received the homeowner rarely, if ever, hears from the
attorney or individual again.
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