The state Office of Financial Regulation launched a statewide campaign Thursday against unlicensed companies that are modifying mortgages, announcing charges against three Orlando businesses.
The administrative charges are the result of a new state requirement that all loan-modification services be licensed by the agency.
The companies charged are:
•Alpalo Inc., doing business as Alliance Processing, 8421 S. Orange Blossom Trail.
•Loan Modification Professional Service Inc. and Saitame Charles, 6318 W. Colonial Drive.
•Mortgage Critics LLC and David G. Artzner, 320 N. Magnolia Ave.
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This is a good start, but in many cases it has been the actual bank employees! The banks themselves have been failing to complete the paperwork needed to actually foreclose – they’ve been using bogus documents!.