Monday, September 27, 2010
Boston.com recently compiled this list of the top consumer complaints in Massachusetts. It's an interesting list because in addition to the perennial favorites--car dealers, home improvement contractors, debt collectors, etc.--two list items relate to foreclosure and loan modification services. It's the wild, wild west right now for those services, with shady operators opening businesses preying consumers needing legitimate relief from burdensome mortgages. Whenever there is a boom in demand for something, scam artists emerge with big promises and flashy ads to trick the credulous public. Be very careful if you are considering answering a TV or radio ad for mortgage-related services. Instead, consider contacting a trusted referral source for a recommendation, or contacting a licensed and insured Massachusetts attorney.