Posts tagged as:

mortgage scam

Help Modify Now & Consumer Resource Law Services: Homeowner says they are a scam!

by Moe Bedard

Submitted by a Ripped Off Homeowner
Dear Moe,

My advice to all who read this would be to beware of anyone claiming that they can do better then you at negotiating with your lender. I paid $3,000 to “Help Modify Now” out of Newport Beach, California last April and am afraid that I have become yet another [...]

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More Details on Loan Modification Beating and Torture

by Moe Bedard

More disturbing details are  coming out in regards to the  beating, torture and robbery of two loan modification agents. Apparently the victims and the suspects were actually doing business together in a loan modification referral scheme that involved some California Realtors.

This is actually quite common in California for licensed real estate agents to be involved in some type of [...]

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Loan Modification Employees Beaten and Tortured

by Moe Bedard

Prosecutors have charged five people in Los Angeles in the torturing and robbing of two men who operated a loan modification business. Apparently the two men had promised to save their home and when these promises failed, they sought revenge.

Daniel Weston and Mary Ann Parmelee, both 52, allegedly sought loan modifications from Lamond Dean and [...]

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California Attorney Christopher L. Diener Labled Substantial Threat by State Bar

by Moe Bedard

You can call it lazy, but in reality this is theft by deception. Attorneys using their licenses to steal under the guise of helping consumers avoid foreclosure are the lowest form of scum on the earth. They prey on the weak for their financial gain.
‘Substantial Threat’
The State Bar said Diener, principal attorney for Home Relief Services [...]

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Loan modification scams continue in Nevada

by Moe Bedard

Boxes of complaints have poured into the state’s Business and Industry Department on people scamming homeowners out of thousands, claiming they can help modify loans but instead never do a thing.
“Weed out bad actors. When you put requirements in place, a lot of them will drop off, hopefully, because they have no intention of operating [...]

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Maryland mortgage & credit scammers sentenced to prison

by Moe Bedard

President and Vice President of Financial Service Firms Sentenced in Metropolitan Money Store Mortgage Fraud Scheme
Father and Daughter Who Served as Officers of Mortgage Foreclosure Consulting Companies Responsible for Over $6 Million in Losses Under the Scheme, Including Almost $800,000 Deposited by the Daughter Into Her Personal Bank Account
FBI – GREENBELT, MD—U.S. District Judge Roger [...]

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California loan modification company CEO’s arrested for scams

by Moe Bedard

Maybe this story and video will wake up some of the remaining rogue loan modification companies that seem to be defying the law and operating in California like it is still the Wild, Wild, mortgage West.
Police from Santa Clara County, California arrested two San Jose loan modification company CEO’s in what is being reported as [...]

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Attention FED MOD & Federal Loan Modification Center clients

by Moe Bedard

During their hey day, Federal Loan Modification Center (AKA Fed Mod) may have been the largest foreclosure rescue operation on the West Coast. I don’t think there wasn’t a time in 2008 or early 2009 when I would turn on my TV and see thier cheesy loan modification commercials with paid D list actors.
Word on the street was [...]

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Intellichoice Mortgage & Realty Services – DRE serves firm with cease and desist order

by Moe Bedard

This email about Intellichoice Mortgage and Real Estate Services  just came to me from either a worried homeowner or loan modification scam whistle-blower. I thought I would post the information on my blog to alert other homeowners and to also obtain feedback on the firm.
If you have any information about this company or have been [...]

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“Home Savers” and Misbehaviors! FBI Arrests Two in Foreclosure Scheme

by Moe Bedard

NEWARK, NJ FBI Press Release—It’s the type of  story that is becoming increasingly more common: FBI Special Agent In Charge Weysan Dun announced today the arrests of GARTH CELESTINE, age 44, of 535 Dean Street, Apartment 515, Brooklyn, New York; and PHIL A. SIMON, age, 34, of Brooklyn – both better known collectively as “Home [...]

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Home Relief Services, Diener Law Firm – Orange County DA serves search warrants

by Moe Bedard

It looks like the $hit is hitting the legal fan for some more Orange County loan modification scams and I couldn’t be happier. Maybe some of their counter parts will see the news and realize that it is only a matter of time before they too are raided, sued and shut down.
OC Register:
Agents served search warrants [...]

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The FTC Sues The Rodis Law Group Inc., America’s Law Group Inc., and The Financial Group Inc. for Contempt

by Moe Bedard

This Bryan D’Antonio is a total scum bag that has scammed struggling Americans for years and has already served 4 years in prison for similar offenses. This is the 2ND time he has stole money from mass amounts of people and he should go to prison for a looooooooong time!
According to the FTC, Bryan D’Antonio and [...]

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Nevada Attorney General Announces Mortgage Fraud Strike Force

by Moe Bedard

From the Nevada Attorney General, Press Release April 7, 2009
Carson City Attorney General Catherine Cortez Masto warns as the mortgage crisis continues to unfold, record-breaking home foreclosures will be experienced and many homeowners will be forced to make tough choices.
Nevada is number one in the nation for foreclosures, with one filing for every 70 households. [...]

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You Walk Away & 4 Other Foreclosure Firms Sued By Indiana AG

by Moe Bedard

INDIANAPOLIS – Indiana Attorney General Greg Zoeller today filed lawsuits in Boone, Clark, Delaware, Grant and Marion counties against five foreclosure consultant companies alleging violations of state laws.
“We recognize there is a foreclosure crisis in the country. Indiana has the tools in place that can help consumers avoid becoming victims of for-profit foreclosure consultants’ bad [...]

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Missouri Attorney General Sues Anaheim, CA. Loan Modification Firm, US Foreclosure Relief

by Moe Bedard

Jefferson City, Mo. – Attorney General Chris Koster today filed suit against a California company that defrauded Missourians looking for help avoiding mortgage foreclosure. Koster said the company, US Foreclosure Relief, took money from victims but did not provide any help.
“Unfortunately, these tough economic times have brought out opportunists who prey on people at some [...]

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“Bloodsuckers and Bottom Feeders”

by Moe Bedard

By Moe Bedard
Yet another Mortgage Modification Fraud alert was posted on CNBC this morning. Former Department of Housing and Urban Development consultant Howard Glaser warned “The bloodsuckers and bottom feeders are out.” More and more attention is appropriately being placed on mortgage scam artists by the mass media now and I think it’s a good [...]

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Federal Government and State Governments Get Serious About Mortgage Scams

by Moe Bedard

By Moe Bedard
NECN.com featured a video news release this morning making it very clear that the federal and state governments will be taking aggressive action against fraudulent loan modification firms. Treasury Secretary Timothy Geithner directly addressed the federal government’s position indicating “…we will aggressively pursue individuals involved in mortgage rescue scams.” Both the Massachusetts Attorney [...]

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FTC Sues FedMod AKA Federal Loan Modification Center After Taking Millions From Homeowners

by Moe Bedard

The Federal Trade Commission (FTC) announced five lawsuits againts alleged loan modification and foreclosure scam operators. Today Irvine-based Federal Loan Modification Law Center or Fed Mod was served by the FTC with a lawsuit alleging that the company is charging unsuspecting homeowners upfront fees of $1,000 to $3,000 for a loan modification service, but the [...]

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FEDERAL, STATE PARTNERS ANNOUNCE MULTI-AGENCY CRACKDOWN TARGETING FORECLOSURE RESCUE SCAMS, LOAN MODIFICATION FRAUD

by Moe Bedard

Civil Enforcement Cases, State Enforcement Actions, Alert to Financial Institutions Among New Efforts to Protect American Homeowners Seeking Relief
WASHINGTON – As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and [...]

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National Foreclosure Counseling Services: Attorney General Sues Jacksonville Company for Foreclosure Rescue Fraud

by Moe Bedard

TALLAHASSEE, FL – Attorney General Bill McCollum today sued a Jacksonville company and its directors alleging the company is engaged in foreclosure rescue fraud. According to the lawsuit, National Foreclosure Counseling Services, Corp., operated by Raymond Paulk and Robert Dallavia, targeted homeowners facing foreclosure and charged up-front fees for loan modification services in violation of [...]

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Keep Your Property is a Scam: Attorney General Sues S. Florida Loan Modification Firm

by Moe Bedard

Attorney General Bill McCollum has filed a lawsuit against a South Florida loan modification firm and its affiliated companies, alleging they violated Florida law by charging up-front fees for foreclosure rescue services.
The civil lawsuit, filed in Broward County Circuit Court Thursday, charges several entities — Keep Your Property, its owners William R. Colon and Carlos [...]

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2nd Chance Negotiations, Inc. Ordered to Stop Loan Modification Services Immediately

by Moe Bedard

State Officials Issue Desist and Refrain Orders Against Loan Modification Firm Operating Unlawfully
SACRAMENTO, Calif.–(Business Wire)– After a joint investigation, the California Departments of Corporations (DOC) and Real Estate (DRE) issued separate Desist and Refrain Orders against 2nd Chance Negotiations, Inc., ordering the company to stop performing loan
modification services.
“While the current market has created some wonderful [...]

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Loan Mods by Lawyers Shut Down by Massachusetts AG Coakley

by Moe Bedard

Attorney General Martha Coakley Obtains Temporary Restraining Order Against Company for Deceptively Advertising Foreclosure Relief Services and Soliciting Illegal Advance Fees
BOSTON – Attorney General Martha Coakley’s Office has obtained a temporary restraining order against Express Modifications, Inc., d/b/a “Loan Mods By Lawyers, Inc.,” which ran prominent advertisements in a local newspaper last month offering to [...]

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Victims Sought in Mortgage Foreclosure Scheme

by Moe Bedard

SAN DIEGO – Authorities asked for the public’s help Wednesday in locating additional victims of a San Diego foreclosure fraud scam in which victims were falsely told that “land patents” would protect their properties from foreclosure.
District Attorney Bonnie Dumanis said 61-year-old Larry Smith and five alleged accomplices sold the bogus “land patents” to homeowners, claiming [...]

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Congresswoman Doris Matsui Advocates for Increased Consumer Protection Against Loan Modification Scams

by Moe Bedard

Congresswoman Doris Matsui Advocates for Increased Consumer Protection Against Loan Modification Scams
Presses Federal Trade Commission for Full Disclosure to Consumers of Financial Terms on New and Existing Loans
WASHINGTON, D.C. – Rep. Doris Matsui (CA-05) addressed the Commerce, Trade, and Consumer Protection Subcommittee Hearing today on the topic of “Consumer Credit and Debt: the Role of [...]

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Predatory Renting Extends its Grip to Apartments, Low Income Families

by Moe Bedard

The foreclosure crisis is something we can’t get away from if we tried. It’s on the television each night, in the newspapers and discussed actively online each and every day. And everyone’s got an opinion about the cause and the cure. But I’ve been writing on a different type of crisis, very much related to [...]

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Class Action Lawsuit Filed Against You Walk Away

by Moe Bedard

Distressed Homeowners Sue Carlsbad-based “Foreclosure Consultant” YOU WALK AWAY, LLC for Violations of California State Law -

“$995 for foreclosure advice? Why not pay for actually doing something… I have a REAL spell caster that can cast a wicked protection spell on those evil bankers so they leave you alone. – Reader Comment

The perfect storm for underwater real estate is reaching the tsunami boiling point and for companies that help homeowners ditch their homes and jump into a home saving raft like You Walk Away, business is absolutely BOOMING!

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Do I need a lawyer to get a loan modification, and if so, why?

by Nathan Fransen Esq.

Loan modification companies now occupy countless blogs on the internet, almost every commercial break on the radio and now even television commercials. Some are lawyers, some are not. Both groups seem to be spouting the same message to the same people.
Is this “boom” caused out of a legitimate need, or is [...]

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Attorney General Brown Sends Message to Loan Mod Scammers: You WILL Go to Prison for YEARS!

by Moe Bedard

I am glad that our great California AG Brown went after this crew of Inland Empire loan modification scammers. He not only went hard after this scum bag crew, he put down the hammer and sent a serious message to foreclosure scammers/sharks everywhere in the Golden State .
YOU WILL GET CAUGHT AND YOU WILL GO [...]

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Minnesota Attorney General Sues Two Loan Modification Companies

by Moe Bedard

Attorney General Lori Swanson today filed lawsuits against two so-called mortgage “foreclosure consultants” alleging that they targeted homeowners facing foreclosure with illegal up-front fees and empty promises to save their homes. The lawsuits are against IMC Financial Services, LLC (“IMC”) and American Financial Corp. d/b/a National Foreclosure Counseling Services (“NFC”), both with offices in Florida.
The [...]

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Ohio Attorney General Sues Two Loan Modification Firms

by Moe Bedard

Ohio Attorney General Richard Cordray has filed a lawsuit against two Cincinnati-based foreclosure rescue companies accused of failing to deliver on their promises to save consumers from foreclosure. The suit, filed in the Hamilton County Court of Common Pleas, charges Foreclosure Assistance USA, Inc. (FA USA) and American Foreclosure Professionals, Inc. (AFP) with several violations of Ohio consumer protection law.

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Loan Modification Companies: Saviors Or Scams?

by Moe Bedard

I got an interesting email today asking about “loan modification companies.”
These have sprung up like crabgrass in the midst of the foreclosure crisis, many of them run by former subprime mortgage brokers or real estate brokers who don’t have much work these days.
One Google [GOOG  Loading...      ()   ] search, and they pop up instantly with [...]

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Beware of Mortgage & Foreclosure Scams

by Moe Bedard

Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems.

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For Desperate Homeowners, Scams Abound

by Moe Bedard

Craig agreed to pay $30,000 and to share title on her house to a foreclosure rescue company. The company said it would use equity in her house to pay off her debts, and that her credit would be repaired. After a year she thought she’d get her house back.
The company’s agreement promises that clients have [...]

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