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A Dane County circuit judge has ordered the California-based Federal Loan Modification Center LLP to pay $105,754 and to stop doing business illegally in Wisconsin, Attorney General J.B. Van Hollen said Thursday.
Van Hollen said in a statement that the company falsely presented itself as part of a federal program offering to help distressed homeowners modify their loans and stave off foreclosure. The firm collected as much as $3,500 in fees from Wisconsin homeowners, then failed to provide promised services or refunds, Van Hollen said.
Homeowners should never pay up-front for such services, he warned.
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