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Beware: Mortgage Loan Modification Scams

by Mark Brace

Earlier this week the National Grand Rapids Foreclosures Mitigation Counseling (NFMC) Program held a web-ex about the Loan Modification Scam Alert campaign. Due to the growing number of scams, Congress asked NeighborWorks America to launch a national public education program; the campaign empowers homeowners to protect themselves against loan modification scams, to find trusted help and to report illegal activity to authorities. Keep yourself informed and aware, visit this website to stay educated www.LoanScamAlert.org.

According To CNN Money on May 7th, 2008; Grand Rapids, was ranked 8th in nation as the one of the fastest growing real estate markets with a projected appreciation rate of 1.9% by May of 2009, This is in sharp contrast to the other side of MIchigan in which CNN projects that The Farmington HIlls Market which is the only major Market to have negative 5 year appreciation of -7.5%, and is also projected to fall another 5.9% by May of 2009. It's very Difficult for people from other states to seperate the 2 metro markets but Grand Rapids is a positive market and is building into the future and the east side of Michigan  around the Detroit Metroplex is struggling.

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Contact Information

Mark Brace, Realtor, ABR, GRI, CRS, SRES, e-PRO, A
Berkshire Hathaway HomeServices Michigan Real Estate
3000 East Beltline NE
Grand Rapids MI 49525
Direct: (616) 447-7025
Cell: (616) 540-7705
Fax: (616) 447-7025

Berkshire Hathaway HomeServices - Michigan Real Estate is a full service, locally operated real estate brokerage company backed by the strength of a solid national and global brand. Our full service businesses include Residential, Commercial, Relocation, Mortgage, Insurance, Home Services and New Homes & Land. Our core values, service philosophy, cutting edge technology, and most importantly our people are what make us the leading real estate company in Michigan. We are committed to providing the highest quality real estate services possible and making each customer's experience one that surpasses their expectations.