Wisconsin government warns homeowners of financing fraud

by DeLadurantey Law Office, LLC on September 9, 2009

As many homeowners attempted to refinance their home loans the past few months, some of them were victims of fraud by banks attempting to take advantage of their desperate situation.

In response, the Wisconsin Department of Agriculture, Trade, and Consumer Protection issued a consumer advisory warning regarding foreclosure rescue services and loan modification offers.

These scams typically occurred when a company fraudulent offered a homeowner the opportunity to refinance their mortgage payments. After receiving the homeowner’s personal and financial information, the company would steal funds from the homeowner, putting that individual further into debt.

If you believe that you are a victim of such refinancing fraud, contact the Milwaukee debt renegotiation lawyers of the DeLadurantey Law Office, LLC, at414-377-0518.

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