HUD insures loans to help people renovate and repair their
homes through a program called Title 1.
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 1 lender. This allows you to select the
contractor and helps to prevent inflated estimates that only
increase costs.