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HUD   >   Press Room   >   Press Releases   >   2012   >   HUDNo.12-050
HUD No. 12-050
Shantae Goodloe
(202) 708-0685
FOR RELEASE
Thursday
March 8, 2012

HUD LAUNCHES “KNOW IT. AVOID IT. REPORT IT.” MORTGAGE SCAM PREVENTION CONSUMER AWARENESS CAMPAIGN IN ATLANTA

ATLANTA - The U.S. Department of Housing and Urban Development (HUD) today announced the second phase of the Know It. Avoid It. Report It. consumer awareness campaign in Atlanta. The campaign, launched during National Consumer Protection Week, March 4 – 10, is designed to educate consumers on loan modification and foreclosure scams and encourage them to take action.

In 2011, HUD introduced the Know It. Avoid It. Report It. campaign in Miami, Chicago and Los Angeles as a way to inform struggling homeowners about the importance of working with HUD-approved agencies as they fight to save their homes. HUD is launching the campaign in Atlanta, an attractive area for scams, as it is one of the cities struggling with high foreclosure rates.

“One should never have to pay for foreclosure counseling or assistance,” said Ed Jennings, Jr., Region IV, Regional Administrator for HUD in Atlanta. “That's why we need homeowners to be vigilant by seeking out HUD-approved housing counseling agencies to obtain help and avoid being scammed.”

As a result of the foreclosure crisis, millions of distressed homeowners have become vulnerable targets to criminal third-party scammers, con artists, and thieves. Out of desperation to save their homes, borrowers are giving thousands of dollars to mortgage relief scam artists who are preying on struggling homeowners.

Mortgage relief scam artists employ these scams with terrible consequences for homeowners. Their tactics come in various forms including giving the false impression that they are affiliated with government programs, charging illegal up-front fees, and executing fraudulent lease-back financing schemes.

HUD encourages homeowners to call 1-888-995-HOPE (4673) or visit www.hud.gov/preventloanscams to get the facts about mortgage fraud, and report suspected scammers.

To obtain help and avoid being the victim of mortgage scams go to HUD approved housing counseling agencies in Georgia.

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