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Real Estate & Property Law

: The Home Equity Theft Reporter

FTC Proposes Rule Banning Upfront Fees For Loan Mods; Applies Nationwide, Limited Exemption For Attorneys In Consumer Bankruptcy, Other Proceedings

By r morris

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The Federal Trade Commission announced:The Federal Trade Commission moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services.***The proposed rules would apply to for-profit

Full post as published by The Home Equity Theft Reporter on February 05, 2010 (boomark / email).

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