Preferred Law Loses Mortgage Relief Scam Ruling to FTC

The U.S. District Court for the District of Nevada has ruled in favor of the Federal Trade Commission in a case against the operators of a scheme that deceived financially distressed homeowners by falsely promising to make their mortgages more affordable. The defendants also charged consumers illegal advance fees and unlawfully told consumers not to … Read more

Mortgage Relief Defendant Banned from Debt Relief Business in Settlement with FTC

Benjamin R. Horton is banned from the debt relief business under a settlement with the Federal Trade Commission for his role in a mortgage relief scheme that falsely promised financially distressed homeowners foreclosure prevention and more affordable mortgage payments. According to the FTC, the operation typically charged consumers $3,900 in unlawful advance fees and touted … Read more

FTC Halts Deceptive Mortgage Loan Modification Scheme

The Federal Trade Commission has charged a mortgage loan modification operation with deceiving financially distressed homeowners by falsely promising to prevent foreclosure and make their mortgages more affordable. A federal court temporarily halted the scheme and froze the defendants’ assets at the FTC’s request. According to the FTC, the defendants typically charged consumers $3,900 in … Read more