Vermont regulators are warning people about new scams in which companies offer mortgage help to cash-strapped homeowners only to bilk them of money later.
Deputy commissioner of the state Banking, Securities, Insurance and Health Care Administration Tom Candon says at least a few people in Vermont have fallen for the scam, losing up to $2,500 in the process.
Candon says unsolicited offers are suspect, as are any that require upfront payments or tell homeowners not to make mortgage payments.
It’s not entirely clear how the companies get the names of would-be customers.