Fake mortgage modification Quiz

1. What is the primary goal of scammers offering fake mortgage modification services?

A. To help homeowners reduce their mortgage payments B. To collect upfront fees from homeowners C. To provide legal advice on mortgage issues

2. Which step is NOT recommended to avoid falling victim to fake mortgage modification services?

A. Paying upfront fees before receiving services B. Verifying the company's credentials C. Keeping records of all related documents

3. Why should you avoid signing over the deed to your property during the mortgage modification process?

A. It can lead to a reduction in mortgage payments B. It may result in losing ownership of your home C. It is a requirement for legitimate modification services

4. What should you do if you suspect you have been a victim of mortgage modification fraud?

A. Ignore the situation and move on B. Report it to the appropriate authorities C. Attempt to negotiate directly with the scammers

5. Who can provide trusted advice before making decisions about mortgage modification?

A. A financial advisor, attorney, or housing counselor B. The company offering the modification service C. Friends and family members