A Washington, D.C. lawyer, accused late last year of collecting more than $1.2 million from homeowners with false promises to arrange loan modifications, has been charged with bank fraud after depositing $2.4 million in counterfeit checks at several banks.
Howard R. Shmuckler allegedly deposited the checks between April and October 2005, according to federal court documents. According to an affidavit, Shmuckler deposited 11 checks supposedly written to him from companies such as software giant Oracle USA Inc. and the National Bank of Canada. The checks were returned by the companies as fakes.
Read more from Collections Credit Risk
Wow, you really have to check out first the credentials and experience of the loan modification specialist before you start working with one. There are many scams so you have to be very careful.
Don’t pay your mortgage payments to anyone other than your lender or loan servicer. Mortgage consultants often keep the money for themselves.