Beginning last month, some homeowners who are “under water” with their mortgages can now refinance under the Home Affordable Refinance Program (HARP). However, the Better Business Bureau warns consumers that banks and mortgage companies aren’t the only ones gearing up for the rush of applications.

“Whenever there is a new or updated government program that may be a bit confusing, scammers come out of the woodwork to take advantage of that confusion,” said Dana Badgerow, BBB President and CEO. “There are already hundreds of websites claiming to be able to help homeowners through the HARP process, but many of them are fraudulent.”

Full story is available on Hometown Source