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

Host of Debt Relief Companies Sued by FTC Under Sealed Complaint

On January 8, 2018, the Federal Trade Commission filed suit against Consumer Defense, Consumer Link, Prefered Law, American Home Loan Counselors, American Home Loans, Consumer Defense Group, Modification Review Board, Brown Legal AM Property Management, FMG Partners, Zinly, Jonathan Hanley, Benjamin Horton, and Sandra Hanley. The Defendants, in this case, are names I recognize from … Read more

CT Kicks More Debt Relief Ass. When Will the Industry Learn to Not Piss Off CT?

Maybe more in the debt relief world can learn by the unfortunate actions below by the Connecticut Department of Banking. I’ll let their words give the lesson that needs to be learned. LOCN, Inc, United Relief Services – December 3, 2014 1. LOCN Inc. d/b/a United Relief Services CEASE AND DESIST from violating Section 36a-671(b) … Read more

Preferred Law Told Me to Stop Making My Mortgage Payments. – Iris

“Dear Steve, I recently contacted Preferred Law PLLC to help me with BOA Modification. I have tried for 14 months on my own and this is just to much stress. Of course, they said that they could get it done within 4-6 months and the cost would be $3,900.00. Stop making my mortgage payments, they … Read more

Modification Review Board Wants to Sell Me Advance Fee Loan Modification Help. – Danielle

“Dear Steve, I have been looking into the Making Home Affordable Program. I found some companies offering assistance and asked for call backs. I have also been reading some of what they are allowed to do, not do, offer or not offer. I got a call back today from “the Modification Review Board.” I am … Read more

Preferred Law Doesn’t Communicate With Me About My Loan Modification With NationStar. – Al

“Dear Steve, I am currently working with Preferred Law, in Sandy, Utah. I noticed many negative remarks concerning their business practices. They are supposed to be helping me with issues regarding my Loan Modification from Aurora Bank that was totally approved. A few weeks after the approval and continued making payments, Aurora sold the account … Read more

Preferred Law PLLC – Consumer Complaint – December 10, 2012

Consumer Statement: I had a Mortgage with Aurora Mortgage since 2007. It was a 5 year interest only arm. This year the arm payment changed from $460.00 to $946.00. So I applied for a Loan Modification. After going through the test period the Loan Mod was accepted by Aurora Mortgage. They sent the contract which … Read more

Is Preferred Law Legit? They Won’t Put Guarantee In Writing.

“Dear Steve, We were contacted by Preferred Law LLC about getting a modification of our home mortgage They painted such a rosy picture of reducing our mortgage rate by 2-3 pts. which would save us thousands over the term of our loan. I read your article about Modifiation Review Board LLC, based in Sandy Utah, … Read more

Is Modification Review Board in Sandy Utah Legit?

March 4, 2013 – Benjamin Horton takes exception with comments made by others in response to this article. See update below. “Dear Steve, My loan was sold from BAC in January 2012 to Specilized Loan Servicing, LLC. I had tried 3 times to get a modification with BAC first myself, 2 with National Debt Solution … Read more