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Mortgage Related

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 »

      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

                      abandoned

                      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 »

                        Mortgage Delinquencies Plumet and Subprime Borrowers Get Shot

                        Q1-2014-Mortgage-Infographic

                        TransUnion, the credit reporting people, have just released new data that certainly makes it appear the big wave of mortgage defaults and delinquencies is over. In fact this data marks the ninth quarter of declines in the rate at which borrowers are 60 or more days behind on their mortgages. We haven’t see rates this low since the second quarter ... Read More »

                          Florida Clears Clouded Fidelity Land Trust Deeds for Consumers

                          Searching-right

                          The State of Florida has taken action to undo all the titles assigned to Florida company Fidelity Land Trust, a company that has been in the news here. FLT had been selling consumers a program they billed as a way to clear the mortgage on a Florida home. According to a recent article by Kimberly Miller of the Palm Beach ... Read More »

                            Reader Calls Bullshit on “Keep Your Home” Mailer

                            questions

                            A very smart reader sent in a mailer they recently received. After they did some snooping around it set off warning bells. I’ll share their story and you’ll see what I mean. “I received this in the mail. When I called the number I got a lady who ask for my eligibility code. I asked her why is the eligibility ... Read More »

                              More Florida Mortgage Modification Scammers Go to Jail

                              Sagging Economy

                              Two Florida men were sentenced today to serve 84 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Carmen M. Ortiz of the District of Massachusetts and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy ... Read More »

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