Beware Loan Modification Fraud by Foreigners

Justice Dept. logoIt wasn’t a huge amount of fraud (as these schemes go), but what interested me most in this story is the headline used by the Dept. of Justice to announce the two-year sentence for the perps.

The headline does not read: “Virginia couple….” or “Alexandria couple….”, it reads,

South American Couple Sentenced to Prison for Fraud Conspiracy

What on earth is going on—no secret decoder ring needed!  It is right there in the headline: “South American couple….”   A very rare headline indeed!

I’m also posting this news as a public service to anyone looking to do a home loan modification.  Beware!

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