2012 News Releases

AG Schmidt: Beware of Home Mortgage Modification Scams

Release Date: Apr 04, 2012

TOPEKA – (April 4, 2012) – Kansas Attorney General Derek Schmidt today warned homeowners to beware of phone solicitations from scam artists claiming to provide assistance related to the recent national mortgage settlement.

“It is illegal to charge an up-front fee for loan modification services,” Schmidt said. “Third parties that claim to offer homeowners access to funds under the national mortgage settlement may be operating a scam. Homeowners receiving such solicitations should not provide any personal or financial information and should report the solicitation to the Kansas Attorney General’s Consumer Protection Division.”

Kansans seeking relief under the state’s recent $49 million mortgage settlement should avoid falling prey to scams that often arise around high-profile settlements. Schmidt offered this advice:

  • Do not give your personal financial information to a solicitor such as your bank account number, social security number or even the name of your loan servicer. Your bank will already have this information.
  • Never pay an up-front fee for mortgage-related services.
  • Call your bank to see if you qualify for relief under the settlement.
  • Be skeptical of third party phone solicitations. Only your bank/loan servicer can assist you with regard to the recent national mortgage settlement.

If you think you may be eligible for relief under the national mortgage settlement, call your bank directly:

  • Bank of America: 1-877-488-7814
  • Citibank: 1-866-272-4749
  • Chase: 1-866-372-6901
  • GMAC/Ally Bank: 1-800-766-4622
  • Wells Fargo: 1-800-288-3212

Schmidt also urged consumers seeking more information on the mortgage settlement to visit the attorney general’s website, www.ag.ks.gov/mortgage, or call the toll-free consumer hotline at 1-800-432-2310.

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News releases issued prior to 2011 are available through an archive hosted by the Kansas State Library.