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Real Estate & Property Law

: The Home Equity Theft Reporter

Illinois Regulator Hits 11 Outfits With Cease & Desist Orders, $275K In Fines For Allegedly Peddling Unauthorized, Crappy Loan Modification Services

By r morris

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In Greater Chicago, Illinois, the SouthtownStar reports:With a rise in foreclosure activity in the Chicago area as a backdrop, the state said Thursday it had cracked down on firms that promised homeowners breathing room with their mortgage companies, only to charge large fees for doing little or no work.The state's Department of Financial and Professional Regulation said it had fined 11 mortgage

Full post as published by The Home Equity Theft Reporter on October 30, 2010 (boomark / email).

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