Saturday, April 20, 2024 | The Latest Buzz for the Appraisal Industry

Freddie Mac Lists Steps To Help Distressed Borrowers Avoid Foreclosure Relief Scams

By Brian Honea

One of the steps Freddie Mac lists for borrowers to take in order to avoid being the victim of a scam is, first and foremost, calling your servicer. The borrower’s servicer is the only one who can modify the mortgage or finalize a loss mitigation plan – anyone other than the servicer who professes the ability to do so is a scammer, especially if they require the payment of an upfront fee.

The post Freddie Mac Lists Steps To Help Distressed Borrowers Avoid Foreclosure Relief Scams appeared first on DSNews.

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