April 2009

By Moe Bedard    It’s no secret that loss mitigation departments are notorious for terrible customer service. They treat people like criminals for having financial problems. Over the years I’ve written numerous articles suggesting how loss mitigation departments can improve [...]

By Moe Bedard Following suit with Treasury Secretary Geithner’s warnings, more foreclosure consultants are being sued by Attorneys General throughout the United States. Today, Indiana Attorney General Zoeller indicated he was suing five foreclosure consultants in his state. Personally, I [...]

This morning I read a news wire from Reuters about Obama’s newest message to the public: take advantage of some of the lowest mortgage rates in history. Over the last decade I’ve grown to be somewhat of a skeptical man [...]

Jefferson City, Mo. – Attorney General Chris Koster today filed suit against a California company that defrauded Missourians looking for help avoiding mortgage foreclosure. Koster said the company, US Foreclosure Relief, took money from victims but did not provide any [...]

By Moe Bedard Yet another Mortgage Modification Fraud alert was posted on CNBC this morning. Former Department of Housing and Urban Development consultant Howard Glaser warned “The bloodsuckers and bottom feeders are out.” More and more attention is appropriately being [...]

By Moe Bedard NECN.com featured a video news release this morning making it very clear that the federal and state governments will be taking aggressive action against fraudulent loan modification firms. Treasury Secretary Timothy Geithner directly addressed the federal government’s [...]

The Federal Trade Commission (FTC) announced five lawsuits againts alleged loan modification and foreclosure scam operators. Today Irvine-based Federal Loan Modification Law Center or Fed Mod was served by the FTC with a lawsuit alleging that the company is charging [...]

Hope Now Employee – I would have to agree not to call HOPE. I actually work there. From the day I started I felt so guilty because there is no help. I feel HOPE was set in place for people [...]

TALLAHASSEE, FL – Attorney General Bill McCollum today sued a Jacksonville company and its directors alleging the company is engaged in foreclosure rescue fraud. According to the lawsuit, National Foreclosure Counseling Services, Corp., operated by Raymond Paulk and Robert Dallavia, [...]

Attorney General Bill McCollum has filed a lawsuit against a South Florida loan modification firm and its affiliated companies, alleging they violated Florida law by charging up-front fees for foreclosure rescue services. The civil lawsuit, filed in Broward County Circuit [...]

The Obama administration’s $75 billion effort to help troubled homeowners avoid foreclosure has hit a stumbling block: a fight over how to aid borrowers who have more than one home loan. The Treasury Department, scrambling to address the problem, is [...]

By Moe Bedard Loan modifications are one of the few instruments borrowers can rely on to save their homes from foreclosure. And while loan modifications have helped a great number of people, it seems banks that offered loan modifications in [...]

By Moe Bedard Of course we all know trillions of taxpayer dollars have been spent and will be spent on bailing out banks and major corporations. Reports on major news networks and newswires carry a number of traditional stories about [...]

Countrywide Financial Corp. and the state of New Jersey resolved allegations that the mortgage lender put borrowers in risky subprime loans. The judgment calls for a no-fee, streamlined loan-modification program and sets aside $3.67 million for New Jersey borrowers and [...]

By Moe Bedard More money has been thrown at the current economic crisis than any other economic crisis in American history. Already, trillions of dollars have gone to bail out the financial sector, billions more have gone to automakers.  Main [...]

State Officials Issue Desist and Refrain Orders Against Loan Modification Firm Operating Unlawfully SACRAMENTO, Calif.–(Business Wire)– After a joint investigation, the California Departments of Corporations (DOC) and Real Estate (DRE) issued separate Desist and Refrain Orders against 2nd Chance Negotiations, [...]

There is a lot of misinformation in regards to foreclosure defense and loan modifications propagating the media these days. The confusion, crooks and lack of lender help has left many homeowners on Main Street paralyzed in making what would seem like [...]