Nonprofit launches loan modification scam campaign

NeighborWorks, a national nonprofit created by Congress in 1974, has launched a campaign that is loan modification scam central: tips on how to spot scams, numbers to call if you suspect you are being scammed and poignant vignettes of people who have been scammed.

The timing for a national anti-scam campaign seems good: With foreclosures persisting at all-time highs, the market for scamming continues to boom. The stories seem genuine.