Loan Modification Company Apply 2 Save Goes BK. Allegedly Defrauds Consumers.

(Boise) The owner of Apply 2 Save, a bankrupt Coeur d’Alene, Idaho, mortgage modification company, that allegedly defrauded hundreds of consumers nationwide is prohibited from ever operating a similar business in Idaho, Attorney General Lawrence Wasden said today. Derek Oberholtzer entered a settlement agreement with Wasden’s office that prevents Oberholtzer from acting as a debt … Read more

FTC Hits Mortgage Relief and Foreclosure Rescue Scams Hard

As part of the agency’s continuing crackdown on scams that prey on financially distressed homeowners, the Federal Trade Commission announced legal actions against more than a dozen marketers accused of pitching bogus mortgage modification or foreclosure relief services. FTC settlement orders ban 16 marketers from the mortgage modification or foreclosure relief business. The promoter of … Read more

Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams

Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams July 15, 2009 FTC Leads “Operation Loan Lies” to Stop Fraud and Help Distressed Homeowners Federal Trade Commission Chairman Jon Leibowitz, joined by California Attorney General Jerry Brown, today announced Operation Loan Lies, a coordinated national law enforcement effort to crack down on … Read more