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Real Estate & Property Law

: The Home Equity Theft Reporter

FTC Targets Loan Modification Outfit With Civil Contempt Action; Accuses Firm Of Ripping Off Homeowners Facing Foreclosure With Upfront Fees

By r morris

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From the Federal Trade Commission:The Federal Trade Commission has filed a civil contempt action charging a deceptive mortgage foreclosure rescue and loan modification operation with violating a 2001 court order.(1) Many homeowners paid the defendants up to $5,500 in advance and ultimately lost their homes to foreclosure. The FTC has asked the court to halt the unlawful practices, freeze the

Full post as published by The Home Equity Theft Reporter on June 11, 2009 (boomark / email).

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