Please indulge us in another tale from the loan modification trade. We really don't want any of you desperate folks out there falling for their lines. Now, you might say the appearance on the scene of something called the National Loan Modification Association of America is a good thing, given all we've come to learn over the past couple of weeks about scammers in this territory. It's a little pricy to join, which is probably a good thing -- keeps out the riff-raff, right?

They've published a code of ethics on their site. That generates a warm feeling. Though we should add that Home Rescue LLC displays a NLMAA seal, and tried to sell us services in New York with a steep advance fee. That would be against the law, according to these guys, who claim to be the Better Business Bureau of the industry, and presumably the NLMAA code.

Unfortunately, all is not as altruistic as it might appear at the NLMAA. See our next post.