National Loan Modification Scam Campaign
Loan modification scams are proliferating at a rapid pace. Every day, scam artists prey on unsuspecting homeowners who are facing foreclosure. These homeowners are losing thousands of dollars and their homes—lured by the promise of loan modification help.
To combat this issue, Congress funded, and then asked NeighborWorks America® to launch a national public education campaign. The idea of the campaign is to empower homeowners to protect themselves against loan modification scams, find trusted help and report illegal activity to authorities.
To address this increasing problem, National CAPACD and 12 local affiliate groups have committed to engage in the National Loan Modification Scam Campaign to raise awareness through AAPI community about the growing problem of loan modifications scams by providing in-language counseling, interpretation and translation. Further, groups will work with the Lawyers’ Committee on Civil Rights Under Law (LCCRUL) to prevent and report potential loan scammers.
Alliance for Stabilizing Communities
National CAPACD is a partner in the Alliance for Stabilizing our Communities, a unified multicultural collaborative between the National Council of La Raza (NCLR), the National Urban League and National Coalition of Asian Pacific American Community Development. With support from Bank of America, the collaborative seeks to build a comprehensive approach to creating sustainable and accessible home ownership and financial stability across ethnic communities primarily through Home Rescue Fairs and other outreach events that help connect homeowners with valuable resources within the community.
Through the Alliance, National CAPACD has worked with its partners to conduct outreach events and provide valuable counseling and interpretation services to AAPI communities in the following metropolitan areas: Chicago, IL, Queens, NY, Los Angeles, CA, and Atlanta, GA.