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• A contractor talks you into costly or unnecessary repairs, steers you to a high-cost mortgage lender to finance the job, and arranges for the loan proceeds to be sent directly to the contractor. All too often, the contractor performs shoddy or incomplete work, and the homeowner is stuck paying off a long-term loan where the house is at risk.

  State of New Jersey, Department of Banking & Insurance - Cite This Source - This Definition
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  Cite Definition for Home improvement scams

  American Psychological Association (APA)

  Home improvement scams. (n.d.). Glossary of Common Mortgage Terms. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/home-improvement-scams.

  Chicago Manual of Style (CMS)

  Home improvement scams. www.newjersey.gov. Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. http://www.expertglossary.com/definition/home-improvement-scams (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Home improvement scams." Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. 28 March. 2023 http://www.expertglossary.com/definition/home-improvement-scams.

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