District Attorney Steve Cooley warns Los
Angeles County homeowners to be on the alert for foreclosure
rescue scams. Many consumers are faced with a mortgage they can
no longer afford and are facing foreclosure. Unscrupulous
opportunists are profiting from this crisis. They promise quick
results for a fee but actually provide nothing.
promises involving the payment of substantial amounts of money
or the deeding of your home to someone as a way to solve your
In reality, these predators may steal your
money, your home and your hope.
Help yourself. Call your lender
directly to negotiate a loan modification. For foreclosure
assistance, seek help from a housing counselor approved by the
U.S. Department of Housing and Urban Development (HUD) by
calling 1-888-995-HOPE (4673).
For more information or to make a
complaint, contact the Los Angeles County Department of Consumer
Affairs Real Estate Fraud and Information Program at 1-800-
If you believe you are a victim of a
foreclosure scam, call your local law enforcement agency.
To learn more about foreclosure fraud, go
to the Los Angeles County District Attorney’s website at:http://da.lacounty.gov/cpd/foreclosure.htm.
To watch a video public service
announcement about foreclosure fraud,
October 5, 2009
To read other Consumer Alerts,