Thanks to a reader we learn about the State of Washington taking an aggressive and bold step against companies selling mortgage foreclosure rescue assistance. This action includes a number of actions against attorneys which are apparently not licensed to practice in the state.
“Since 2009, DFI has charged an ever-increasing number of unlicensed businesses with preying upon desperate homeowners who are trying to save their homes from foreclosure,” DFI Division of Consumer Services Director Deb Bortner said. “We took action against eight companies in 2009, 29 in 2010, and 45 in 2011. So far this year we’ve issued 69 more actions. All of them were unlicensed. Based on our experience, doing business with an unlicensed company or attorney will not save your home from foreclosure — instead, you will lose whatever you pay them for help, and very likely, your home, too.”
All of the companies are charged with unfair or deceptive practices, obtaining property by fraud or misrepresentation, and unlicensed activity. While the charges are identical, the consumers harmed by the fraud have individual stories of being repeatedly misled and defrauded by these businesses.
In many cases, the companies failed to perform or presented loan modification offers to lenders that did not significantly improve the homeowners’ mortgage. Because many of the companies charged refused to comply with DFI subpoenas to provide records of Washington transactions, the charges provide notice of DFI’s intent to order the companies to provide a list of all Washington transactions.
DFI has obtained legal service on 21 of the 40 companies charged, including seven law firms and 14 other businesses.
“This agency rarely conducts enforcement sweeps of this nature,” Director Scott Jarvis said. “However, the continuing high numbers of complaints involving this fraud demands a new approach. As a result of these efforts, we hope the number of unlicensed businesses taking advantage of Washington homeowners will decrease significantly. Of the 40 businesses we have charged as part of this sweep, we are seeking in excess of $1.3 million in sanctions, including restitution for more than 200 consumers.” – Source
According to the State, the following companies have been included in this comprehensive sweep.
DYNAMIC CONSULTING ENTERPRISES, VENTURA LOAN MODIFICATIONS, FREEDOM COMPANIES, FREEDOM COMPANIES LENDING, WJE ENTERPRISES, FEDERAL MODIFICATION GROUP, CREDIT CARE PLUS, FINANCIAL CREDIT SERVICES, THE CREDIT RELIEF GROUP, LAW OFFICE OF B. DIEGO HELLEWELL, LOAN REVIEW, FINANCIAL LITIGATION LAW GROUP, MANZANA,, TUSTIN LAW CENTER, THOMAS C. MATEVIA, LEGAL HOME LOAN SOLUTIONS, PROTECTION LAW CENTER, RESIDENCE PROTECTION LAW CENTER, VS LEGAL CENTER, US LOAN MODIFICATION SERVICES, 1st Call Consultants, Certified Financial Protection Group, Ryan Law Firm, John Towers Financial Services, Home Owners Advocate, Ivan Porto, The Law Offices of Ivan Porto, HOPE ALLIANCE FOUNDATION, HOME SAFE AMERICA, UNITED SOLUTIONS CORP, YOUR MORTGAGE LENDER, YOUR MORTGAGE LENDER, HOME LEGAL SOURCE, LAW FIRM OF MACEY ALEMAN, AND SEARNS, TRITON LAW GROUP, FIDELITY FINANCIAL GROUP, WALL STREET FINANCIAL, NATIONAL MODIFICATION PREPARATION, LINCOLN HARDSHIP RELIEF, AMERICAN HOME RESCUE BUREAU, SUMMIT LEGAL GROUP, SUMMIT LAW GROUP, Airan Pace Law, DAMODAR S. AIRAN, LALITA D. AIRAN, RASHMI H. AIRAN, Flaster Law Firm, American Residential Law Group, Strategic Debt Resolutions, Strategic Loan Mods, Nationwide Financial Solutions, MJB Communications, American Economic Solutions, 1ST LOSS MITIGATION, ISIS CONSULTING, Law Offices of Craig M. Laverty, Solution Processing, Laverty Law Firm, Law Office of Brett Margolin, Law Offices of Brian J Colombana APC, Liberty Law Firm