Boston Real Estate for Sale

As reported by Washington Post real estate columnist Kenneth Harney recently, the FTC has new rules that crack down on companies promising mortgage and loan modification companies that charge up-front fees — and often deliver nothing to struggling homeowners (accept a bigger hole in their bank account). New rules to go effect in Jan. state that before money changes hands, the offer from the lender (if there is any) needs to be in writing, and all fees clearly stated. There also has to be a clear statement that no fees need to be paid by customers if they reject offers. The Feds seem to be really going after those companies that seem to deliberately aim to confuse customers of their identity, using official logos and photos of Pres. Obama to sell their nefarious services.

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