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Real Estate & Property Law

: The Home Equity Theft Reporter

FTC Efforts Yield 24 Cents On The Dollar Recovery For Victims Of Nationwide Loan Modification/Foreclosure Defense Scam

By r morris

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The Federal Trade Commision recently announced:An administrator working for the Federal Trade Commission is mailing 1,455 refund checks to consumers defrauded by a mortgage loan modification and foreclosure rescue scam. The FTC alleged, and the court found, that operators of the scam falsely told consumers they would prevent their homes from being foreclosed and negotiate lower mortgage interest

Full post as published by The Home Equity Theft Reporter on March 02, 2011 (boomark / email).

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