Quick Answer: The FTC mailed 1,410 refund checks totaling $2.3 million to consumers defrauded by Home Assure LLC’s mortgage foreclosure rescue scam. Home Assure charged upfront fees while falsely claiming special lender relationships could secure loan modifications or stop foreclosures.
An administrator working for the Federal Trade Commission has mailed 1,410 refund checks to consumers allegedly defrauded by Home Assure LLC, a so-called mortgage foreclosure rescue service. The FTC alleged that the company charged consumers an up-front fee and falsely claimed its special relationships with lenders would enable it to get favorable loan modifications or stop foreclosure. A settlement order imposed a monetary judgment and banned the company from selling mortgage loan modification and foreclosure relief services.
Approximately $2.3 million is being returned to consumers, which represents the total amount of money consumers paid in this scam. The amount of each check will vary based upon the amount each consumer paid. Consumers who receive the checks should cash them by early June, 2011. The FTC never requires consumers to pay money or provide information before redress checks can be cashed. Home Assure customers with questions should call the redress administrator, Analytics Inc. at 866-890-4856 or visit the FTC’s refund website. – Source
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