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Mortgage Related

CC Brown Players Charged in Mortgage Modification Scheme

law books

WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Carlie Christensen, United States Attorney for the District of Utah, today announced that a 40-count federal indictment unsealed on March 5, 2015, in U.S. District Court in Salt Lake City charges six individuals with violations of federal law in what the indictment alleges was ... Read More »

    California Man Sentenced to 24 Years in Fed Prison for Foreclosure Rescue Scam

    mans hands behind bars in jail or prison

    Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Benjamin B. Wagner, United States Attorney for the Eastern District of California, today announced that Alan David Tikal, 46, formerly of Brentwood, Calif., was sentenced on Thursday by United States District Judge Troy L. Nunley to 24 years in federal prison for his convictions on 11 counts ... Read More »

      Mortgage Relief Marketers & Danielson Law Group Settle With FTC

      ftc

      A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for worthless mortgage relief services. The five proposed orders settling the FTC’s charges ban the defendants, led by Philip J. Danielson and his company, Danielson Law Group, from offering ... Read More »

        Consumers With Mortgage Problems Continue to be Gullible Lambs

        Big Scam Dog

        After writing about consumer debt issues for decades now, I have to admit it gets very frustrating watching people fall for the same old scams over and over. Do people never learn or does commonsense and logic just fly out the window the minute someone shoves an official looking document in your face? The SIGTARP (Special Inspector General for the ... Read More »

          FTC Shuts Down Scads of Phony Mortgage Relief Scammers

          Stop Countrywide Mortgage Abuse

          The Federal Trade Commission has announced a federal court has entered orders against 22 defendants who offered financially strapped consumers fake home-loan modification services that the FTC claims violated the FTC Act and the Mortgage Assistance Relief Services (MARS) Rule. The MARS Rule bans mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer ... Read More »

            Reader Expresses Concern Over Spire Law Group Going POOF!

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            I received the following tip from a reader, send your tips in here. Apparently Spire Law Group has finally fully imploded. The reader says, “Spire Law is closed down( Aug 2014) leaving all their clients holding the bag. The Abeel v Bank of America lawsuit was dismissed. As a way to keep their clients at bay, Spire Law came up ... Read More »

              How The Advocacy For Consumer Rights Helps Consumers

              Magnifying Glass - Q&A

              Recently, Leyton Ward and I, who used to be in a tussle with, had a chance to sit down together and meet. He was gracious to share what TAFCR does and why most people don’t understand it. After spending time with Leyton I will admit what he tries to do to help consumers with mortgage problems, sounds unique. Q. So ... Read More »

                What I Learned from Leyton Ward at The Advocacy for Consumer Rights

                Clapping Business People

                Yesterday Leyton Ward and I finally did what we probably should have done two years ago, and sat down together over a great lunch and just talked. You see for what feels like the last two years Leyton and I had been in, well, basically a pissing contest. I do owe Leyton a big hat tip for flying to Raleigh ... Read More »

                  Mortgage Scams Take Minutes to Nab Consumer But Years to Unwind

                  Salesman

                  I received an update on a case where a receiver had been appointed to liquidate a scam mortgage relief group and provide restitution to consumers. This goes all the way back to a 2011 action by the California Attorney General against companies selling “Mass Joinder” mortgage elimination. The pitch seemed like an instantly addictive drug to suffering consumers. They were ... Read More »

                    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

                              a_kick_in_the_nuts

                              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 »

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