Subscribe to our mailing list

X
Consolidated Credit 1-866-681-0114 Consolidated Credit 1-866-681-0114

Mortgage Relief Defendant Banned from Debt Relief Business in Settlement with FTC

By on June 11, 2018

Benjamin R. Horton is banned from the debt relief business under a settlement with the Federal Trade Commission for his role in a mortgage relief scheme that falsely promised financially distressed homeowners foreclosure prevention and more affordable mortgage payments.

According to the FTC, the operation typically charged consumers $3,900 in unlawful advance fees and touted a 98-100 percent success rate. The defendants, typically operating as Preferred Law PLLC, Consumer Defense LLC, or American Home Loans, allegedly used doctored government logos, falsely suggesting they were affiliated with or endorsed by the federal government’s Making Home Affordable loan modification program.

The defendants claimed to have special relationships with particular lenders and unlawfully told consumers not to make mortgage payments to, or communicate with, their lenders. Many people incurred substantial interest charges and other penalties for paying the defendants instead of their lenders, and some lost their homes to foreclosure.

In addition to banning Horton from the debt relief business, the settlement order prohibits him from misrepresenting financial or any other products and services, and from making unsubstantiated claims about any financial product or service. It also bars him from profiting from consumers’ personal information collected as part of the challenged practices.

The order imposes a judgment of more than $15.5 million that will be suspended due to Horton’s inability to pay. The full judgment will become due immediately if he is found to have misrepresented his financial condition.

Litigation continues against the remaining defendants.

Other names you might recognize that were part of the original FTC complain included Consumer Defense, Consumer Link, American Home Loan Counselors, American Home Loans, Consumer Defense Group, Modification Review Board, Brown Legal, AM Property Management, FMG Partners, and Zinly.

READ  Modification Review Board Wants to Sell Me Advance Fee Loan Modification Help. - Danielle

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Share a Comment / Leave a Reply

%d bloggers like this: