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Real Estate & Property Law

: The Home Equity Theft Reporter

Recently Enacted New Mexico Anti-Loan Modification Scam Law Calls For Prison, $10K Fine For Violators

By r morris

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In Santa Fe, New Mexico, The Associated Press reports:A New Mexico law that went into effect [last week] is aimed at companies that charge homeowners and make fraudulent promises to help them get their loans modified to protect their homes against foreclosure. Attorney General Gary King says there's been an alarming increase in mortgage rescue scams as a result of the U.S. housing crisis.He says

Full post as published by The Home Equity Theft Reporter on May 28, 2010 (boomark / email).

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