There are some fraudulent cases that involves fast loan modification solutions that prey on homeowners that experience foreclosure problems.

Here are 6 warning signs when dealing loan modification scammers:

1. A company/person asks for an upfront payment to work with your lender to modify, refinance or reinstate your mortgage.

2. A company/person guarantees they can stop a foreclosure or get your loan modified.

3. A company/person advises you to stop paying your mortgage company and pay them instead.

4. A company pressures you to sign over the deed to your home or sign any paperwork that you haven’t had a chance to read, and you don’t fully understand.

5. A company claims to offer “government-approved” or “official government” loan modifications.

6. A company/person you don’t know asks you to release personal financial information online or over the phone.

via NBC4i.com

For more legitimate ways on how to stop foreclosure- click here.