Mike Wayman and Don Brokaw Sued over Mortgage Scam Operation

The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) has filed a lawsuit in Riverside County, California against a network of for-profit loan modification companies on behalf of 16 homeowners from California and five other states. The suit alleges that defendants defrauded vulnerable homeowners out of tens of thousands of dollars by falsely promising … Read more

Washington State Goes After 40 Companies in Mortgage Foreclosure Rescue Fraud

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 … Read more

Group Takes Aim at Financial Hope for America in Southern California

“Dear Steve, I would really like to talk to you about Financial Hope for America – if there is anymore you have on them? You have done so much research I would love to clarify some things with you about this industry (I know politics not real estate debt) Would you please contact me re … Read more

U.S. Financial Advantage Turns Out to Be The New Name for Financial Hope for America

I previously got a tip that debt relief company Financial Hope for America was changing it’s name to US Financial Advisors. A new tip now says the new company that will take over for FH4A will be named U.S. Financial Advantage. Here is what an insider shared with me. Actually, the new “company” is US … Read more

Certified Financial Protection Group – Dead Pile

A tipseter sent me in a notice that Certified Financial Protection Group has closed up shop and left paying clients drifting. Certified Financial Protection Group was located in California and did forensic audits and loan modifications. I have contacted CFPG and asked how they plan to handle refunds for consumers that paid for loan modification … Read more

Non-Profit Debt Settlement – Financial Hope for America. Who Are They Really?

Last night I saw an ad for a non-profit group promoting debt settlement. It was a company I had not heard of before called Financial Hope for America. It piqued my interest to see a non-profit group wandering so boldly into the debt settlement arena, especially when the domain name I saw advertised was non-profitdebtsettlement.net. … Read more