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FTC Action: Court Orders Ban Mortgage Relief Scammers from Mortgage Modification and Debt Relief...
The principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Federal Trade Commission. The orders resolve charges that the scheme falsely promised financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments and interest rates, and illegally charged thousands of dollars in advance
FTC Mails Refund Checks Totaling Nearly $3 Million to Consumers Victimized by Alleged Mortgage...
WASHINGTON, D.C. - May 28, 2014 - (RealEstateRama) -- The Federal Trade Commission, through an administrator, is mailing checks totaling nearly $3 million to over 6,300 consumers who were victims of a mortgage relief scheme. Using names such as Prime Legal Plans and Reaching U Network, the defendants allegedly made false promises that they could help consumers save their homes from foreclosure or lower their mortgage payments
