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Real Estate & Property Law

: The Home Equity Theft Reporter

"Entire Industry Is A Scam," Says NY AG As Subpoenas Go Out To 14 Loan Modification Firms; "Intent To Sue" Sent To Another

By r morris

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Bloomberg News reports:New York Attorney General Andrew Cuomo subpoenaed 14 loan-modification companies and plans to sue [another] as part of a probe of the ?foreclosure rescue? industry.(1) [...] "Many of these companies charge upfront fees which are specifically prohibited by law,? Cuomo said in a conference call. ?Sometimes homeowners even end up paying a higher cost after one of these

Full post as published by The Home Equity Theft Reporter on June 10, 2009 (boomark / email).

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