Beginning of content

Avoiding Scams

Beware of home loan rescue scams

Dealing with the possibility of not being able to make your home loan payments is already difficult. Unfortunately, scam artists often try to take advantage of homeowners with mortgage fraud schemes, loan assistance scams and other types of mortgage loan fraud. If you are struggling to meet your commitment or are eager to sell your home, you must be extra careful.

Avoiding Scams image

Recognize and avoid mortgage fraud, loan assistance scams and other common schemes

  • Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a past due loan
  • Beware of anyone who says they can "save" your home if you sign or transfer over the deed to your house
  • Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage servicer to forgive your debt
  • Never make your mortgage payments to anyone other than your mortgage servicer without their approval

Please visit the FTC Opens a new window or HUD Opens a new window to learn more about how to avoid loan modification or foreclosure rescue scams.

Free Help image

At Bank of America, help is free
There is never a fee to get assistance or information about any of the home loan solutions available to you. We can also help you find a HUD-approved housing counselor.

  • For information about loan assistance programs, please call us at 1.800.846.2222
  • For a HUD-approved counselor, please visit HUD online Opens a new window. or call 1.800.569.4287