Mexico warns of scammers pretending to be Nationstar

Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues.

Borrowers and lenders, here is your warning! Reports of mortgage scams and financial hackers keep making it to HousingWire’s headlines—beware.

The latest attack involves well-known mortgage company Nationstar. According to a scam alert issued by New Mexico Attorney General Hector Balderas, callers who claim to be with Nationstar are asking for money to be sent to an attorney in Florida promising a loan modification on the victim’s mortgage.

The scammers are asking New Mexicans to wire money upwards of $1200, money that they may never get back, Balderas cautioned.

The alert stated that the calls come from Ymax or Magic Jack phone numbers and can appear to come from any area code.

“Calls and offers like these are scams and New Mexico homeowners need to be vigilant, because once you wire that money you may never get it back,” said Balderas. “If you are struggling to make your mortgage payments, there is legitimate help available to you from our Keep Your Home New Mexico program. Please contact our office and we will work with you to see what options are available to you and your family.”

“Foreclosure can feel like a hopeless, scary situation, but the worst thing you can do is nothing at all. Ignoring the problem will only make it worse so please contact Keep Your Home New Mexico if you need assistance,” Balderas added.

Balderas advised that if borrowers are facing foreclosure, they should take action by calling 1-800-220-0350 or visiting www.keepyourhomenewmexico.org.

The news reiterates the importance behind the tips the Federal Trade Commission and the National Association of Realtors put out earlier this year to warn consumers. Check here for the tips.

Balderas also had tucked into his website a reminder for 192 New Mexico homeowners who need to cash their National Mortgage Settlement checks.

Checks must be cashed, or a new check must be requested, before Aug. 25, 2017 or the funds will be transferred to the State of New Mexico.

“It’s important that New Mexico homeowners receive the money they are entitled to from the National Mortgage Settlement before those funds are transferred to the state as unclaimed property,” said Balderas. “If you believe you should have received a check, please contact Rust Consulting, Inc. immediately in order to avoid forfeiting your settlement funds.”