Nonprofit Newswire | Nonprofit Network Exposes Mortgage Scams

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February 18, 2010; Christian Science Monitor | The Nonprofit Quarterly has long lauded the excellent work of many national and local nonprofits on the subprime mortgage foreclosure crisis. Once again, it is NeighborWorks in the lead, working with distressed homeowners in California, Florida, Texas, Ohio, and Maryland to help them avoid the numerous mortgage modification scam artists that have popped up like cockroaches. The COO of NeighborWorks, Eileen Fitzgerald, thinks that hundreds of thousands of people have been scammed by these mortgage modification lowlifes. Admittedly, the Obama Administration hasn’t found the silver bullet, and more policy fixes are needed. In the mean time, financial predators are feasting on desperate people trying to save their homes, especially when homeowners discover how excruciatingly slow and difficult it is to get loan mods through legitimate sources. Sometimes these scams replicate the Obama government language in their names—a lot of these them have “hope” in their names and phone numbers. Fortunately, NeighborWorks is working hard on these issues through the NeighborWorks Network members. We take note not only of NeighborWorks, but of the Monitor’s inclusion of a photo of mortgage assistance provided at the offices of Centro Campesino Farmworker Center in lower Dade County, Florida. Centro has long been a stellar nonprofit marrying services and advocacy. Readers should take note of members of the NeighborWorks network and realize Network members comprise an unparalleled source of honest, reliable community-based help on mortgage foreclosure issues.—Rick Cohen