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Mortgage Related

Mortgage Relief Marketers Now a Half Million Dollars Lighter

ftc

A federal district court in Southern California has ordered a judgment of nearly $515,000 against Mark Nagy Atalla, a defendant in a 2013 Federal Trade Commission action targeting deceptive mortgage and debt relief pitches. The court imposed the judgment after finding Atalla had hid assets and misrepresented his financial condition to the agency. The judgment originally was suspended in Atalla’s ... Read More »

    Student Loans Will Kill Your Dreams of Home Ownership

    Portrait scary monster clown

    The vast majority of consumers in America make important financial decisions basically by-the-seat-of-their-pants. I know people mean well but it is commonly bad advice and accepted assumptions that cause a bright financial future to be scuppered. Let’s take the issue of student loans for example. Loads of people blindly regurgitate “student loans are good debt” so much so they believe ... Read More »

      Details on Florida Bar Complaint Against Howard Feinmel

      Problem Solving Series

      The Florida Bar has sent me a copy of the complaint they recently filed against Florida attorney Howard Feinmel. I reported yesterday about the case. But today there are more facts available after reading the filed complaint. Right off the bat I found it intriguing the Florida Bar makes the statement, “Respondent has represented various persons and entities, including but ... Read More »

        Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

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        A tipster (send in your tips here) just sent in a document which was filed on August 28, 2014 regarding the activities of Jeffrey Aleman and Thomas Macey or Legal Helpers fame. The Illinois Attorney Registration and Disciplinary Commission came to the opinion that Macey and Aleman had violated a number of Illinois attorney rules. However it does not appear ... Read More »

          New York AG Goes After More Mortgage Relief Firms

          waving

          As part of a joint federal-state sweep by the Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states targeting scam operations that prey on financially struggling homeowners and those facing foreclosure. Along with the FTC and CFPB, attorneys general from the following states participated in the sweep: Arizona, Delaware, Florida, Indiana, Illinois, Kansas, Louisiana, Maryland, Michigan, New Mexico, ... Read More »

            Mass Joinder Player Phillip Kramer Resurfaces in Different Scheme Alleges CT & FL

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            In a bit of a shocker a couple of names who were hot and heavy in the front-end of the mass joinder schemes have resurfaced again according to the State of Connecticut and the Attorney General of Florida. On August 22, 2014 both parties filed an amended complaint against a whole chadre of individuals and companies. They included Berger Law ... Read More »

              CFPB Bitch Slaps Bait-and-Switch Mortgage Scheme

              cfpb

              Today, the Consumer Financial Protection Bureau (CFPB) took action against Amerisave Mortgage Corporation, its affiliate, Novo Appraisal Management Company, and the owner of both companies, Patrick Markert, for engaging in a deceptive bait-and-switch mortgage-lending scheme that harmed tens of thousands of consumers. The Bureau found that Amerisave lured consumers by advertising misleading interest rates, locked them in with costly up-front ... Read More »

                More Law Groups in Hot Water Over Mortgage Intervention

                connecticut

                Mader Law Group, American Financial law Group, Meridian Law Group, and attorney Eric Mader caught the attention of the Connecticut Department of Banking recently. According to the State site the companies were engaged in activities which triggered a closer look. This comes on the heels of a flurry of actions against other law firms engaged in mortgage assistance services. See ... Read More »

                  Mass Joinder Mills Targets of Attorney General Action

                  Florida Attorney General Pam Bondi.

                  Florida Attorney General Pam Bondi and Connecticut Attorney General George Jepson sued Berger Law Group, Resolution Law Group, and related entities and individuals over allegations that they collected at least $4.7 million in illegal upfront fees from distressed homeowners. Under their authority to enforce the federal Mortgage Assistance Relief Services Rule and Florida and Connecticut laws prohibiting deceptive and unfair ... Read More »

                    Three Charged in Mortgage Modification Scheme

                    lawyer

                    Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Preet Bharara, United States Attorney for the Southern District of New York, today announced the unsealing of charges against Ped Abghari, a/k/a “Ted Allen,” Dionysius Fiumano, a/k/a “D,” and Justin Romano for engaging in a mortgage modification scheme that defrauded over 8,000 homeowners in all 50 states ... Read More »

                      Four More in Custody for Mortgage Modification Scam

                      mans hands behind bars in jail or prison

                      It’s been a rough week for companies who are selling mass joinder and mortgage modification help. See here, here, and here for stories. But today brings a new round of alleged bad debt relief actors landing in trouble with the law. According to the Office of the Special Inspector General for the Troubled Asset Relief Program on Tuesday, federal agents ... Read More »

                        CFPB Goes After Mortgage Relief Scammers

                        cfpb

                        Consumer advisory: Don’t fall for a foreclosure relief scam or bogus legal help The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to rip off distressed homeowners across the country. The Bureau is filing three lawsuits against companies and individuals that collected more ... Read More »

                          Hoffman Law Group Labeled Scam by Former Lawyer

                          oops

                          The Hoffman Law Group, who promised all sorts of mortgage relief for troubled homeowners, is certainly in the hot seat. Both the Palm Beach Post and WKMG in Orlando have recent articles about allegations and activities. The Orlando story was interesting. The video below shows a local reporter trying to get a comment from attorney Marc Hoffman, who the Florida ... Read More »

                            Loan Modification Victims of Lucas Law Center Get Money Back

                            ftc

                            The Federal Trade Commission is mailing refund checks totaling $499,701.84 to 229 consumers who paid the Lucas Law Center an advance fee for mortgage loan modifications the company falsely claimed it would obtain for them. Lucas Law Center allegedly used an attorney to circumvent state prohibitions against receiving a fee before providing any services; the defendants charged up to $3,995 ... Read More »

                              Who Is Consumer Relief Attorneys a Reader Asks

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                              I received an email from a reader asking me who Consumer Relief Attorneys was. The reader had attached a link to this file and made a statement an Alabama attorney by the name of James Oster was somehow related to Consumer Relief Attorneys. I don’t know if that is true. It is tough to tell from public records since there ... Read More »

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