Tag Archives: foreclosure rescue scam
- FTC Consumer Protection Chief Wants to Send Foreclosure Rescue Scammers to Jail
For those that feel the FTC is not working on larger more global issues, rest assured the FTC wants to catch the bad guys and deal with them. David Vladeck of the FTC seems motivated to shut down the foreclosure rescue scamers. @GetOutOfDebtGuy
- News Coverage of Foreclosure and Loan Modification Scams
A television news story out of New York warned consumers about mortgage consultant, loan modification, and foreclosure scams. I enjoyed the names the reporter, Melissa Holmes, gave the different variations of the scam. Phantom Help The Bailout The Bait & Switch Melissa did a good job of warning consumers about some of the foreclosure scams [...]
- Foreclosure Rescue Scam Company “Home Savers Consulting Corp” Owner Pleads Guilty
A Brooklyn man admitted in federal court Tuesday that he and a partner made about $1 million by scamming Bergenfield, Paterson and Elizabeth homeowners in a foreclosure scheme. Garth Celestine, 44, pleaded guilty to conspiracy to commit wire fraud for his role as the co-owner of Home Savers Consulting Corp., a now-defunct company based in [...]
- FTC to Ban Upfront Fees for Foreclosure Rescue or Mortgage Modification
The Federal Trade Commission moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services. “Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have [...]
- Maryland AG Stops Foreclosure Rescue Scam to Strip Equity
Attorney General Douglas F. Gansler announced that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City of nearly $1 million against Rodney Spellen, Mid Atlantic Consulting, Inc., Jemel Lyles, Absoloot Ventures Inc., Brian Boyd, 1st Choice Property Management Firm, Inc., Sahar Ali, Alan Muniu, Phillip George, Certified Title & [...]