Wednesday, May 20, 2009

Be Aware of Deceptive Mortgage Relief Ads

Consumers using Internet searches for government mortgage relief programs have be deceptively diverted to sites that fraudulently profit from scamming distressed borrowers.

FTC Press Release

FTC Obtains Court Order Halting Deceptive Mortgage Relief Internet Ads; Marketers Falsely Claimed to Operate

At the Federal Trade Commission’s request, a federal district court issued an order to stop an Internet-based operation that pretends to operate “,” the official Web site of the federal Making Home Affordable program for free mortgage loan assistance. The FTC alleged that the defendants deceptively diverted consumers who searched online for the free government assistance program to commercial Web sites that offer loan modification services for a fee.

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