RICHMOND, Va. (Source: Legal Newsline BY BRYAN COHEN) – Virginia Attorney General Ken Cuccinelli announced a lawsuit on Thursday against a Chesapeake, Va.-based mortgage loan modification company for allegedly charging illegal advance fees for its “foreclosure rescue” services.

Cuccinelli alleges that R.L. Brad Street LLC violated the Virginia Foreclosure Rescue Law by charging advances fees in connection with services or to avoid foreclosure. Section 59.1-200.1 of the foreclosure rescue law prohibits a supplier of foreclosure prevention or avoidance services from “charging or receiving a fee prior to the full and complete performance of the services it has agreed to perform, if the transaction does not involve the sale or transfer of residential real property.”

Source: Legal Newsline BY BRYAN COHEN

FRIDAY, AUGUST 26, 2011 2:00:00 AM

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