The investigations Green told her about are part of what the AG’s office calls “Operation Loan Lies,” a nationwide crackdown on loan modification and foreclosure relief companies that local and state officials call “scams.” The office has obtained a preliminary injunction against 21st Century Legal Services. They also got a temporary restraining order for a company called People’s First Financial.
In both North Carolina suits, the AG alleges that the companies took money upfront and claimed that they could cut consumers’ monthly mortgage payments and save their homes from foreclosure. Under North Carolina law, it’s illegal to charge an upfront fee for foreclosure assistance.
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