Number	24644
Subject	Business
Source	ABC News
State	NY
Year	2009
Publication Date	03/20/2009
Summary	Many homeowners are facing the threat of foreclosure and losing their homes. A new industry, mortgage modification, is taking advantage of these homeowners. These companies promise to work with the banks to get the homeowners a better deal so they can keep their houses. The homeowners must pay an up-front fee of “several thousand dollars”. After the company has the money, they don’t fulfill their duty and leave the homeowners without the little money they had left.
Category	Contest Entry
Pages	8
Keywords	housing; finances; mortgage; real estate; property; People's First; Better Business Bureau; assistance
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