(Source: By Josh Brown The Virginian-Pilot) – A Virginia Beach-based company has agreed to pay $54,200 to settle allegations that it charged homeowners facing foreclosure thousands in illegal upfront fees to help save their homes, Virginia Attorney General Ken Cuccinelli announced Monday.Cuccinelli filed a lawsuit in Virginia Beach Circuit Court a year ago against Nationwide Loan Modification Bureau LLC. The suit alleged the company had illegally demanded money upfront for services and in some cases never performed.

Virginia law prohibits a company that provides foreclosure-prevention services from charging a fee upfront.

Source: By Josh Brown The Virginian-Pilot

July 19, 2011

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