Posts tagged as:

loan modification scam

Choice National Loan Consulting – Arizona homeowners left in loan mod helll

by Moe Bedard

The Foderas thought a loan modification company called Choice National Loan Consulting in Gilbert would offer hope.

Vito said Choice claimed they would work with the bank to reduce the family’s mortgage payment by at least 10% — guaranteed.

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DB Financial Services: Nevada Attorney General charges Jeffery Tye Brown with 5 felonies

by Moe Bedard

ATTORNEY GENERAL MASTO ANNOUNCES INDICTMENT WITH FIVE
FELONY COUNTS IN MORTAGE FORECLOSURE RESCUE SCAM

Las Vegas, NV – – Nevada Attorney General Catherine Cortez Masto announced today the indictment of Jeffery Tye Brown, 50, of Henderson, on charges of four felony counts of theft and one felony count of forgery in connection with the operation of DB [...]

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Fair Lending Audits:Borzou Hamzaviabedi and Esteban Arjona Charged With Theft

by Moe Bedard

The owners of a San Diego loan modification business, who allegedly collected advance fees from customers, were facing a charge of misdemeanor theft Tuesday.
Borzou Hamzaviabedi and Esteban Arjona, co-owners of Fair Lender Audits, are scheduled to be arraigned Thursday in San Diego Superior Court.

Each defendant faces a maximum sentence of three years in custody and [...]

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Deleware Church or Faith Based Group Charged With Scamming Homeowners

by Moe Bedard

Master Builders for Christ and Vision Builders Christian Center, along with three of its principals, have been charged in a 21-count indictment in Delaware, on charges of running a massive mortgage rescue scam.
Warrants have been issued for the arrest of Jamaar Manlove, Larry Manlove, and Rhonda Manlove, and racketeering liens have been placed on

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Nevada AG: Las Vegas Loan Mod CEO Pleads Guilty to Mortgage Fraud

by Moe Bedard

ATTORNEY GENERAL ANNOUNCES GUILTY PLEA IN FORECLOSURE RESCUE SCAM OPERATED FROM THE PHILIPPINES
Las Vegas, NV— Nevada Attorney General Catherine Cortez Masto
announced today that defendant Michael Sinclair has pled guilty to one (1)
Category B felony count of Mortgage Fraud in violation of NRS 205.372(2), for fraudulently operating a foreclosure rescue scam in Las Vegas under the
business [...]

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Christopher Lee Diener and Terrence Green Sr. Arrested by the Orange County DA

by Moe Bedard

A group of alleged Orange County, California loan modification scammers were arrested over the weekend on 97 counts of theft for defrauding approximately 400 homeowners out of $1.25 million dollars.
The Orange County District Attorney’s office has arrested former attorney Christopher Lee Diener, 42, along with one of his business partners, Terrence Green Sr. They both [...]

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United Law Group & California Attorney Robert Buscho practicing law across the nation ?

by Moe Bedard

Back in September the California Bar announced a state wide crack down on attorneys who were under investigation for using or should I say renting out their law licenses to allegedly operate illegal loan modification operations. One of those law firms, the United Law Group and attorney Robert Buscho were named by the Cal Bar in [...]

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Freedom Team Financial: Beware of Rob Robson, the multi level marketing schemer and liar

by Moe Bedard

Complaint submitted by someone in the know via my blog: Clients, beware of Freedom Team Financial and Rob Robson. He is a multi level marketing schemer and a liar. He was never nor is the largest sales rep for Choice. Do not pay him or anyone from his company a dime. Your best bet is to [...]

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Asset Creation: Arizona AG Sues Loan Modification Company

by Moe Bedard

Terry Goddard Sues Loan Modification Company for Deceptive Practices
(Phoenix, Ariz. – Jan. 13, 2010) Attorney General Terry Goddard today filed a lawsuit against a Phoenix-based mortgage loan modification company, Asset Creation, LLC, and its owner, Marvin Williamson, for engaging in allegedly deceptive practices. This lawsuit is the latest action in the Attorney General’s crackdown on [...]

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USMAC Law Group: Oregon AG Stops Loan Modification Firm

by Moe Bedard

January 7, 2010 -  The USMAC Law Group is prohibited from doing loan modifications in Oregon and must pay $28,857 under a settlement with the Oregon Department of Justice
Oregon Attorney General John Kroger today announced a settlement that will provide refunds to some Oregon homeowners and prohibit a California law firm from doing further loan modification [...]

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Green Credit Solutions, Get My Credit or Whoever They Are This Week Raided By Police

by Moe Bedard

This news came is via a comment and my comment section seems to be the best source for underground loan modification news. Here it is:
At this moment, there are 2 police cars, and up to a dozen Black Suburbans at the Offices of this company. Employees have been sent away with their boxes, and Curt [...]

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21st Century Legal Services Gobbles Up More Victims

by Moe Bedard

The woman advised the couple to post date four checks and make them out to the company for a total of $1295, and told them it would cover the cost of modifying the loan and their mortgage payments for the next four months.
“On the papers that we signed and brought to us, they said do [...]

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Franklin Financial Group: Are They Swindling Florida Homeowners?

by Moe Bedard

Truman Foreclosure AssistanceAccording to the FTC, it turns out the owners of Truman didn’t go out of business. They simply changed the company’s name to the Franklin Financial Group and moved their office to another part of Miami.
When the heat is on in the loan modification scam game, you simply change your name and move [...]

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Illegal Loan Mod Agents Needed: Work From Home & Must Close on 1st Call

by Moe Bedard

Yes, another classified ad for what I feel MUST be an illegal loan modification chop shop. This time it is in Santa Barbara, California.
WANTED – Experienced Loan Modification Deal Closers (Santa Barbara)
Posted December 10th, 2009 by Accounting Fina…City: Santabarbara
We’re looking for motivated experienced HIGH PRODUCING LOAN MOD DEAL CLOSERS with a strong closing experience and [...]

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Jason Vitulano: FHAallday.com CEO Arrested & Held Without Bail

by Moe Bedard

The proverbial loan modification $hit is hitting the fan for the thousands of unscrupulous mortgage brokers and loan officers (AKA Cock Brokers) across the US who are still operating outside the law. Simply put, these cockbrokers are being smoked out by law enforcement and locked in cages where they belong.
FYI Scammers – If long prison sentences, no bail and [...]

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Axium Mortgage: PA Man, John Bariana Arrested in Million Dollar Loan Mod Scam

by Moe Bedard

John Bariana, of Mullica Hill, is accused of taking part in a ring that obtained 35 fraudulent mortgages at the expense of distressed homeowners, said the U.S. Attorney’s Office in Philadelphia.
Also charged was Edward McCusker of New Hope, Pa., who with Bariana co-owned Axium Mortgage Inc., a Pennsylvania-based firm.
Two attorneys, Jeffrey Bennett of Springfield, Pa., [...]

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Help Modify Now & Consumer Resource Law Center: CEO, Larry Ervan Gunter Arrested by Newport Beach PD

by Moe Bedard

Newport Beach Police say Help Modify Now and Consumer Resource Law Center CEO has been arrested. The NBPD is informing the public that this man has allegedly ripped off more than 50 people nationwide who were hired his firm to perform a loan modification.
I reported on this company last month due to complaints I was receiving via my blog [...]

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The Lamb Group & US Consumer Solutions: North Carolina AG Files Lawsuit

by Moe Bedard

AG Cooper stops Kannapolis foreclosure scam – Release date: 12/4/2009
Raleigh:  A Kannapolis foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday.
 
“Scammers entice struggling homeowners with false promises of lower mortgage payments, then do little or nothing to help them,” Cooper said. [...]

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Homesavers CEO, Philip Seibel Sent to Oklahoma Prison

by Moe Bedard

EDMOND, Okla. — An Edmond man has been sentenced to 30 months in prison for money laundering.
Phillip Seibel, who pleaded guilty July 22, also was ordered Wednesday to pay $770,037 in restitution.
Prosecutors say Seibel formed Homesavers LLC, which contacted homeowners who were facing foreclosure. Homesavers promised to find investors to purchase the homes and allow [...]

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Mortgage Fraud Causes More Foreclosures

by Moe Bedard

The risk of mortgage fraud in the third quarter of this year on U.S. home loans shot up 11 percent from the previous quarter, according to Interthinx, a firm that provides fraud prevention services to lenders. But unlike the inflated home values and incomes that marked the mortgage fraud common during the housing boom, things [...]

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