Scammed by Save My Home USA – Tammy

“Dear Steve,

Scammed by Save My Home USA; filed complaint with Michigan AG (recommended by my home state of OH AG) then found out that SMHUSA was taken to court, business closed and the judge did not agree to refunds of any type for homeowners. Michigan AG office said they were going back to court, but I cannot find any info on what has ensued since.

I see the article but nothing about this company. Are you able to shed some light on it?

Tammy”

Dear Tammy,

I was able to find the following information on the Save My Home USA situation.

July 15, 2009

LANSING – Attorney General Mike Cox today announced that his office has filed 18 charges against four companies and one individual for committing foreclosure rescue fraud. Cox also issued warnings to 17 companies regarding complaints from residents about their practices. Michigan law prohibits “foreclosure rescue” companies, which provide foreclosure advice, from making misleading or false statements, or charging service fees before any service is completed.

“Preying on residents in the process of losing their homes is not only shameful, it’s illegal,” said Cox. “Today we are sending a message that mortgage rescue fraud will not be tolerated.”

The charges resulted from the Attorney General’s office conducting undercover operations based on complaints from homeowners and include one count of unauthorized use of the Great Seal of the State of Michigan and 17 counts of violating Michigan’s Credit Services Act (CSA). The CSA prohibits charging fees before completing services when seeking to negotiate a loan on behalf of a homeowner. The Credit Services Act carries a maximum penalty of 90 days in jail and/or $1,000 fine, and allows the Attorney General’s office to seek restitution for affected consumers.

Misleading or false statements made by the companies included guarantees to prevent foreclosure and assertions consumers could avoid foreclosure regardless of their credit score, home appraisal, or debt to income ratio. Victims were charged between $595 and $3,000.

Those charged include:

Save My Home USA of Madison Heights
o Four counts of violating the CSA (43rd District Court, Oakland County)
o Charged victims between $595 and $2,000 before completion of services and advised consumers not to communicate with their mortgage company.

Help4homeowners of Birmingham
o Three counts of violating the CSA (48th District Court, Oakland County)
o Falsely claimed a 97% success rate, charged before completion of services, and its employee admitted they had no loan training.

Payment Doctors of Livonia
o Two counts of violating the CSA (48th District Court, Oakland
County)
o Made false claims and charged before completion of services.

Michigan Economic Reinstatement Program (MERP) of Livonia and owner Mark Alan Aloe of Farmington Hills
o Four counts of violating the CSA and one count of unauthorized use of the Great Seal of the State of Michigan (47th District Court, Oakland County)
o Charged victims between $360 and $3,000 before completion of services, made false claims, and used business cards with state seal but did not work for the State of Michigan. Aloe faces 90 days in jail and/or a $1,000 fine.

Attorney General Cox also sent letters to 17 other companies warning that their practices may be in violation of state law and requested more information about their business:

1. AFS Loan Modification Corp, Redondo Beach, CA
2. Apply 2 Save, Inc./Apply2Save, Coeur D’Alene, ID
3. Elect Group LLC, Deerfield Beach, FL
4. Equity Recovery Services, Towsen, MD
5. Federal Home Savers, Comniack, NY
6. Financial Solution Center, Corona, CA
7. Fresh Start Home Modification, Woodbury Heights, NJ
8. Fresh Start Program/Fresh Start Mortgage Assistance, Fresh Start Mortgage Solutions, Mortgage Assistance Solutions, Clearwater, FL
9. Hope Now Modifications, LLC, Cherry Hill Twp., NJ
10. IMC Financial, Clearwater, FL
11. Kirkland Young LLC, Miami Beach, FL
12. National Home Loan Assistance Program, San Diego, CA
13. New Hope Loan Modification, Bellmawr, NJ
14. Oceanview Investments, Oceanview Investment Services Corp.,
Fort Lauderdale, FL
15. Peoples First Financial, San Diego, CA
16. Pope & Associates Mortgage, Ontario, CA
17. Savemtg.com, Galthersburg, MD

I was able to find the following statement.

Any customer who paid fees to any of these companies for services that were not provided is asked to call the Attorney General’s Consumer Protection Division at (877) 765-8388.

Please update me on your progress by

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

2 thoughts on “Scammed by Save My Home USA – Tammy”

  1. MI Attorney General called me early to mid February 2011 asking what the total amount was that we paid SMHUSA. Hopefully this will come back to me!

    Reply
  2. MI Attorney General called me early to mid February 2011 asking what the total amount was that we paid SMHUSA. Hopefully this will come back to me!

    Reply

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