While the foreclosure crisis happened back in 2008, an article in the Huff Post said that the business of preying on struggling homeowners is still a thriving concern.
The article said that since 2010, more than 40,000 homeowners have complained they were scammed by someone promising to offer foreclosure assistance or help them with a mortgage modification.
The most costly of these foreclosure rescue scams — and now the most pervasive — involve or are directed by attorneys, according to the analysis, which was conducted by the Lawyers’ Committee for Civil Rights Under Law, a group that helps monitor the hotline.
Last year, nearly 60 percent of all complaint calls to the HOPE hotline involved a lawyer, the group found. That's up from 40 percent in 2010. The average loss claimed in schemes involving or directed by lawyers was $3,601 — about $800 more than in other types of deceptions, according to the analysis.
