Bloomberg reports:Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.The Arizona Attorney General’s office is asking a court ...
Most Recent Articles For: Modification
Written by Administrator on January 28th, 2012
Written by Administrator on January 25th, 2012
In Kansas City, Missouri, the Kansas City Business Journal reports:Legal Aid of Western Missouri(1) has filed a lawsuit on behalf of victims of an alleged foreclosure rescue scam operating out of Mission. According to the suit filed Friday in U.S. District Court in Kansas City, Death Productions LP promised to ...
Written by Administrator on January 11th, 2012
MGD Management, LLC and CRS Marketing, LLC have been sued and temporarily enjoined for alleged fraudulent activity under the guise of providing foreclosure-rescue related services. These companies preyed on Florida's distressed homeowners who were already experiencing financial hardships.
Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 8th, 2012
In Chamblee, Georgia, WSB-TV Channel 2 reports:People who sought help with loan modifications at a center in DeKalb County are getting a shock. The location has locked its doors. "It scares me, my family, my kids," one client said who asked not to be identified. He says he paid $ ...
Written by Administrator on January 7th, 2012
In Phoenix, Arizona, KPHO-TV Channel 5 reports:A Valley man calls it a rude awakening. Potential buyers knocked on this door Tuesday morning, saying his house was up for auction. "It made me angry," said Ryan Huber, homeowner.Huber, who grew up in the home and currently shares it with his mother, ...
Written by Administrator on January 5th, 2012
In Largo, Florida, The Tampa Tribune reports:When Tom Mudie was approved for a mortgage modification program, he thought his foreclosure troubles were over. Bank of America lowered his monthly payment by nearly $ 200. All he had to do was make the new payments — on time for three ...
Written by Administrator on January 1st, 2012
In Bloomington, Minnesota, the Star Tribune reports:State regulators have yanked the license of a Bloomington mortgage modification company it says was preying on desperate homeowners.Mortgage Connection Inc., also called Mordicorp, didn't have the appropriate license, altered documents and charged illegal advance fees for loan modification services that it frequently failed ...
