Housing Scams Getting Cracked Down By U.S.

As if it isn't bad enough to have people lose their homes, jobs, life savings and retirement there companies out there scamming homeowners.

CNNMoney.com reports agencies are joining forces to prevent foreclosure and mortgage scams in new federal housing loan program.

In the wake of an Obama administration program to rescue troubled homeowners, several Federal agencies are teaming up to fight mortgage and foreclosure scams, Treasury Secretary Tim Geithner said Monday.

The administration's $75 billion effort to help as many as 9 million mortgage holders get new or refinanced loans is drawing a lot of interest from homeowners, Treasury Department officials explained.

"Those who would seek to prey on the most vulnerable also seek to intensify their efforts as well," Treasury Secretary Tim Geithner said. "We will aggressively pursue those involved in mortgage rescue scams."

Companies are kicking people when they're down. they are charging enormous upfront fees and sabotaging homeowners who could be getting help for free.

The FBI is investing more than 2,100 mortgage fraud cases, up almost 400% from five years ago, Attorney General Eric holder said.

Watch out for these scammers. These companies are giving people false hope. They are shameless,as well as opportunistic.