Question by julescarecrow: “Is there a new bill in place called the American Housing Rescue and Foreclosure Prevention?
If so, does anyone know how it works? I received a phone call the other day from an “attorney” who said they could put a “hold” on my account with my mortgage company for 3 months, and submit paperwork on my behalf to my mortgage company for them to lower my interest rate and my principal balance since my house lost value in this market. Is this legitimate?

Best answer:

Answer by wizjp
Sounds like a scam to me. Ask your lender and the state Atty general’s office and the BBB

Add your own answer in the comments!