Defendants in Dominican Mortgage Assistance Scam that Allegedly Defrauded Spanish-Speaking U.S. Homeowners Settle FTC Charges

Telemarketers Who Allegedly Falsely Claimed Affiliation with Federal Mortgage Assistance Programs Are Banned from Mortgage Assistance Business As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission obtained a settlement order resolving charges against a nationwide scam operating from the Dominican Republic and banning the defendants from … 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

Mortgage Assistance Scam Targets U.S. Consumers But Operates From Dominican Republic

At the request of the Federal Trade Commission, a U.S. district court has halted a nationwide scam operating from the Dominican Republic – but pretending to be in Chicago – that allegedly peddled fake mortgage assistance relief to financially distressed Spanish-speaking homeowners in the United States. The defendants promised to dramatically lower homeowners’ monthly mortgage … Read more