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.