CFPB Looking for Victims of Loan Modification Scam to Give Refund

The Consumer Financial Protection Bureau (Bureau) today released a series of public service announcements targeting consumers who were harmed by Siringoringo Law Firm, Stephen Lyster Siringoringo, Clausen & Cobb Management Company, Inc., and Joshua Cobb. Eligible consumers include all consumers who paid the Siringoringo Law Firm fees from July 22, 2011 through July 26, 2013. … Read more

Doc Prep Company Raided by FTC. Workstations On But Employees Missing.

Another debt relief company has fallen under the big hammer of the Federal Trade Commission. This time it was American Home Servicing Center who was trying to skirt the law as a “Documentation Preparation Company.” It’s the same strategy many in the student loan assistance debt relief space have taken. The Receiver stated, “From what … Read more

Debt Relief Scammer Denny Lake Folds to the FTC

The following legal action by a debt relief industry entity, should serve as a good example of the tie that binds both affiliates and marketers and the company who is providing the service. Denny Lake, the final individual defendant in a mortgage modification scam aimed at financially strapped homeowners, will be banned from selling debt … Read more

FTC Brings Action Against Debt Relief Operation that Targeted Financially Distressed Homeowners and Student Loan Borrowers

The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified. At the FTC’s request, a federal court has temporarily halted the operation. The agency seeks to permanently stop the alleged illegal practices and … Read more

Mortgage Relief Marketers & Danielson Law Group Settle With FTC

A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for worthless mortgage relief services. The five proposed orders settling the FTC’s charges ban the defendants, led by Philip J. Danielson and his company, … Read more

Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap … Read more

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

American Mortgage Consultants and Home Guardian Solutions Charged With Allegedly Screwing Consumers by FTC

The FTC alleged that since early 2011, the defendants claimed a phony affiliation with the U.S. government, pretended to be attorneys, and promised to substantially lower monthly mortgage payments in exchange for an up-front fee ranging from $1,495 to $4,495. Along with two companies he controls – American Mortgage Consulting Group, LLC and Home Guardian … Read more

New Life Financial Solutions, 1st United Consultants, and Expense Management America Exposed by Get Out of Debt Guy and Nailed by FTC

As far back as early 2011, the GetOutOfDebt.org site has been publishing information about and warning consumers about suspicious and concerning practices by a number of interrelated companies promising financial help and foreclosure relief. These schemes were not uncovered by the site alone. Readers and insiders also sent in critical information that led to the … Read more

CFPB Sues Lawyer and Law Office for Loan Modification Services

It appears the Consumer Financial Protection Bureau, under Enforcement Director, Kent Markus, is finally taking the gloves off and going after debt relief groups. This action moves against a law firm and lawyer that was working with outside parties to sell advanced fee loan modification and foreclosure resue services. According to Loeb & Loeb, “The … Read more

Forensic Mortgage Loan Audit Scam Kicked in Nuts by FTC

At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages. The complaint was filed against Consumer Advocates Group, Paramount … Read more

Is The Mortgage Law Group and The Law Firm of Macey, Aleman, and Searns a Scam? They Told Me Not Pay My Mortgage. – Katie

“Dear Steve, I was looking up this law firm; The Law Firm of Macey, Alman and Searns. I was looking on the web today to find answers and or a solution to my mortgage dilemma. I came accross a site : US Mortgage Relief, called the 866 number and signed up with this firm… I … Read more