Legit company falsely used as bait for mortgage fraud

From Albuquerque Journal, “Be very wary about a new mortgage modification scam that’s targeting New Mexico homeowners.

The state Attorney General’s Office says callers falsely claim to be with Nationstar, a legitimate mortgage company, and they promise a loan modification after money is sent to an attorney in Florida.

It’s called “like-farming,” and it happens when scammers post a story on Facebook for the sheer purpose of generating likes and shares.

The more likes and shares a post collects, the better the odds that it will show up in Facebook users’ news feeds. And that gives those running a scam a wider audience and better odds of tricking someone into giving up personal information and clicking on a malicious download.”

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