HUD
insures loans to help people renovate and repair their homes through
a program called Title I.
Some
deceptive contractors in the program were performing shoddy work,
falsifying documents, and overcharging homeowners. This fraud had
victimized thousands of families and cost the taxpayers millions
of dollars.
To
avoid becoming a victim of fraud, work only with a HUD-approved
Title I lender. This allows you to select the contractor and helps
to prevent inflated estimates that only increase costs.
HUD-approved
Title I lenders
To
report any fraud or abuse in the Title1 Program, call toll-free
1-800-347-3735/ TTY 1-202-708-2451/FAX 202-708-4829.
For
more information, phone (800) CALL FHA or (800) 225-5342.