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loan modification scams

Video: The 6,000 plus Green Credit customers came from sales people, called brokers, all across California

by Moe Bedard

“Green Credit Solutions had a loose affiliation with a few lawyers. Never really had a lawyer on staff handling the loan modifications. And the one lawyer they did hire to work with them was a suspended Tennessee attorney,” said state bar investigator John Noonen.

The 6,000 plus Green Credit customers came from sales people, called brokers, [...]

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Ricardo Melgoza defies the DRE as he scams more homeowners

by Moe Bedard

Homeowners are desperate and when desperation sets in, mistakes in judgement are made.
Mistakes that may cost them their home.

A Bakersfield, California woman, Zuleyka Ruiz had to find this out the hard way. Not only did Ruiz end up $1,500 poorer, she also ended up losing her home to a man named Ricardo Melgoza. Melgoza had already been ordered [...]

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New Jersey woman sentenced to 2-5 years for foreclosure scams

by Moe Bedard

TUNKHANNOCK – A New Jersey woman who claimed to help people with potential foreclosure problems was sentenced in Wyoming County on Thursday for theft by deception.

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FBI Raids the United Law Group’s OC Office

by Moe Bedard

A notorious Orange County, California loan modification law firm was raided by the FBI, Irvine Police and several other government agencies this afternoon in Irvine. 
The law firm and lawyers are no strangers to trouble. The United Law Firm and its two attorneys, Robert Buscho, Bar No. 122556 and also Sean

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Trinity Law Associates – Lawyer Timothy D. Thurman accused of defrauding Korean homeowners

by Moe Bedard

In a lawsuit filed Wednesday, attorneys with the Asian Pacific American Legal Center accused a Los Angeles law firm, Trinity Law Associates Inc., of defrauding at least 28 Korean immigrants out of thousands of dollars by falsely promising that their services would prevent foreclosures. Testimony indicates that the firm targeted hundreds of other Korean immigrants, [...]

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Mortgage fraud cases swamping South Carolina investigators

by Moe Bedard

“It’s one of those things that hasn’t gotten a lot of attention, but the numbers are staggering right now, and I think they are going nowhere but up,” said Reggie Lloyd, director of the State Law Enforcement Division and a former U.S. attorney for South Carolina.

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Washington DC attorney charged in loan modification scheme charged with bank fraud

by Moe Bedard

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.

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Mortgage Fraud Task Force to uncover civil and criminal wrongdoing

by Moe Bedard

The government, convinced that the fraud and foreclosure problem here is worse than expected, has formed a Mortgage Fraud Task Force to uncover civil and criminal wrongdoing among brokers, lenders and buyers.
“It’s a much larger problem than first forecast,” U.S. Attorney Kathleen M. Mehltretter said of mortgage foreclosures here.
The multiagency task force, led by the [...]

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Guardian Credit & Green Credit Solutions Rip Off Yet Another Homeowner

by Moe Bedard

ConsumerAffairs.com has also received a number of complaints about debt settlement companies. Kathleen, of Tollhouse, California, reported last November she had problems dealing with a company called Guardian Credit Solution.
“We paid them $4490.00 to do a loan modification, which they never did,”

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Orange County, Ca DA claims $100 million lost to real estate fraud

by Moe Bedard

“The number of referrals has been overwhelming, with more than 346 referrals to date,” says the report, an update on the special unit approved last year. ”The vast majority of referrals have been direct from victims or real estate professionals to the District Attorney’s Office.”
A “significant number” of cases involve loan modification schemes.

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A message from the FTC Chief: I want to shut you down, take every penny you got and send you to prison

by Moe Bedard

As many Americans spiraled deeper into financial disrepair last year, a record number of consumers fell victim to companies seeking to profit from their misfortune, according to the federal governments consumer complaints report released Wednesday.
In this video, FTC Consumer Protection Chief David Vladeck has a warning for mortgage brokers and scammers, “I want to shut [...]

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Idaho AG says loan modifications #1 complaint

by Moe Bedard

“We received reports of outrageous fraud,” said Attorney General Lawrence Wasden. “Some of these operators took advantage of desperate homeowners by charging hundreds or even thousands of dollars in upfront fees, while taking no action to modify the mortgage.”

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Home Relief Services & The Diener Law Firm Sued by the Indiana AG

by Moe Bedard

Indiana Attorney General Greg Zoeller sued a California mortgage relief company, alleging violation of Indiana’s deceptive consumer sales act.
The lawsuit, filed this month in Allen Superior Court, is not the only one pending against Home Relief Services LLC, which is facing more legal troubles in California, including felony charges, according to court records.

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New Mexico AG makes move to protect homeowners from scams

by Moe Bedard

(SANTA FE)—State lawmakers enacted Attorney General King’s proposal to protect homeowners against mortgage foreclosure rescue scams by “foreclosure consultants.” The Act ensures that homeowners are properly informed about their rights when they sign a contract with anyone offering, for a fee, to help stop or postpone a foreclosure.

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Eric W. Eliason, a.k.a. Ricky Masci: Loan modification scammer who targeted deaf homeowners due in court

by Moe Bedard

OSSIPEE — A Tamworth man accused of targeting deaf people with mortgage scams is due back in Southern Carroll County District Court this morning (Thursday, Feb. 18) for probable cause hearings on four felony charges and a trial for two misdemeanor charges.
Eric W. Eliason, a.k.a. Ricky Masci, 30, of Tamworth, is charged with crimes

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National campaign to combat mortgage fraud kicks off in the Bronx

by Moe Bedard

If it’s too good to be true – it probably is.
That was the message from Mayor Bloomberg and other officials Thursday as they kicked off a national campaign in the Bronx to combat mortgage fraud.

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Keep Living in Your Home & Liberty Home Solutions: Loan mod firms slapped with complaint

by Moe Bedard

Florida’s Office of Financial Regulation served complaints today on five South Florida companies allegedly performing home loan modifications without a license, including two in Palm Beach County.
The complaints, which could lead to the companies being shut down, are

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Loan Modification Torture Case Will Go to Trial

by Moe Bedard

Five people, including two from La Cañada Flintridge, were ordered Tuesday to stand trial on charges that they tortured, beat and kidnapped two loan modification agents over a financial dispute.
Los Angeles Superior Court Judge Patrick Hegarty determined that there was enough independent evidence during a three-day preliminary hearing

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5 Foreclosure Rescue Crooks Sent to Prison, 1 Man Gets 15 Years

by Moe Bedard

LOS ANGELES — Five people who conned homeowners facing foreclosure out of millions of dollars have been sentenced to prison in Los Angeles.
U.S. District Judge George King said Edward Seung Ok, a 43-year-old former resident of Huntington Beach, was the worst offender and sentenced him to 15 years in prison Wednesday.

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Is President Obama Operating Another Loan Modification Firm?

by Moe Bedard

It looks like President Obama is running another illegal loan modification firm. I am wondering how long it will take the FTC and AG to catch up with his the Presidents cunning ability to start foreclosure rescue websites designed to scam homeowners?
OK, all joking aside. These Obama and government look a like websites are fooling a lot of [...]

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