Debt Relief Industry Sued or Sanctioned

Ohio Sues National Homeownership Assistance Foundation, American Debt Relief Foundation, and VA Payment Reduction Notification

According to the Dayton Daily News and Randy Tucker, Ohio Attorney General Richard Cordray is going after some bad actor mortgage modification companies.

Cordray is seeking civil penalties and restitution for homeowners who paid an average $2,500 up front to have their mortgages modified to reduce payments.

Three interrelated companies are at the center of the most recent spate of debt-relief and foreclosure-rescue fraud.

The BBB has given an “F” — its lowest rating — to the National Homeownership Assistance Foundation of suburban Columbus and two other companies it has been linked with — American Debt Relief Foundation of Cincinnati and VA Payment Reduction Notification of Trenton, N.J.

North said the BBB linked the three companies — which did not return calls for comment — after investigations found they shared common addresses or phone numbers. – Source


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