Realtors warn against mortgage scams

The California Association of Realtors will run television and radio announcements warning homeowners to avoid mortgage fraud.

The announcement is written for on-air personalities to read. The script includes the following line:

“These offers may seem ‘too good to be true’ because they are. Don’t fall for it. In most cases, charging upfront fees or payments for a mortgage modification is not just a rip-off, it’s illegal.”