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Mortgage Settlement Scams

Updated: Friday, August 2 2013, 09:17 PM EDT
A Bottom Line Alert from New York State Attorney General, Eric Schneiderman, about scammers trying to take advatange of a recent massive mortgage settlement.

CBS 6's Dori Marlin first got The Bottom Line on that deal, back in February.  It's a nationwide $25 billion settlement, reached between five banks and 49 states, that also promised $136 million toward New York homeowners who were victims of foreclosure abuse.

Now, Schneiderman says, scammers are calling homeowners -- posing as bank or government officials, under the guise of trying to help them as part of the settlement -- but instead, they're luring those homeowners into handing over their personal or financial information.

The Bottom Line: Schneiderman is warning people to be wary of any such phone calls, and telling New Yorkers not to give out any of that information.  In fact, he reminds people that their banks would already have that information, and therefore wouldn't be asking for it.

The AG's office has also set up a website, to help homeowners with that national mortgage settlement.  To get to it, click here.
Mortgage Settlement Scams


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