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The Better Business Bureau reports that foreclosure prevention is another of the top ten scams of 2009

There are many companies making many claims about helping you prevent foreclosure on your home. No matter how good their pitch sounds, if they want you to pay them for their services, do NOT sign up.  They are unlikely to fulfill their promises and very likely to take your money.

There is a huge network of foreclosure prevention agencies that are licensed by the government and work for free.  No cost to you.

Meanwhile if you need a mortgage loan modification, the best thing to do is work through one of the FREE (do NOT pay for this service) counselors approved by the federal government.

A list of local counselors is available from HUD.
You can also get names of approved  counseling organizations from the Hope website or by calling the HOPE HOTLINE at 888-995-4673.  You can also call 1-877-894-HOME (1-877-894-4663).  The Neighborhood Assistance Corporation does this work too.

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