FTC Considers Wrong Approach to Protecting Homeowners from Loan Modification Scams

``If you want to get rid of bootleggers, you put a liquor store on every corner in town… presto… no more bootleggers. If you want to get rid of the loan modification scammers, you certainly don’t reduce the number of legitimate attorneys and mortgage professionals that are available to help, you let people know where they can get legitimate help beyond calling their bank or standing in line at HUD. Because those options have long since proven themselves to be less than adequate for hundreds of thousands of people, and that’s the fact… no matter how badly you may want then to be, they’re not.''