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HUD insures loans to help people renovate and repair their homes through a program called Title 1.
Some deceptive contractors in the program were performing shoddy work, falsifying documents, and overcharging homeowners. This fraud had victimized thousands of families and cost the taxpayers millions of dollars.
These contractors typically prey upon elderly,
lower income and consumer who have had past credit
problems.
To avoid becoming a victim of fraud, work only with a HUD-approved Title 1 lender. This allows you to select the contractor and helps to prevent inflated estimates that only increase costs.
HUD-approved Title 1 lenders
To report any fraud or abuse in the Title1 Program, call toll-free 1-888-466-3487/ TTY 1-800-483-220
Guru Spotlight |
Susan Sayour |