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AG's App to Help Homeowners Avoid Foreclosure Scams

New App Aids to Help Homeowners Avoid Foreclosure Scams
Homeowners are vulnerable to scams that can cost thousands

A new web-based app aims to help at-risk homeowners identify scams that claim to help prevent foreclosure. New York Attorney General Eric Schneiderman launched the app Tuesday.

Executive Director of the Center for New York City Neighborhoods Christie Peale appaluds the effort.

"At the end of the day, the scammers disappear, and the homeowners are left owing more than they did before, and they're no further along in the process of being able to save their home."

The app allows homeowners to see which foreclosure rescue companies are legitimate and which are scams. A recent report found that between March 2010 and September 2014, New York homeowners submitted over 2,700 complaints about foreclosure rescue scams documenting $8.25 million in losses.