Search results
9 sty 2024 · The Federal Trade Commission is sending more than $1.2 million in refunds to consumers who lost money to Consumer Defense, a deceptive mortgage modification scheme. The FTC is sending payments to 6,261 consumers, who will receive $201.34 each.
- Mortgage Relief Scams
Scammers can’t promise that a forensic loan audit will help...
- Mortgage Relief Scams
9 sty 2024 · The FTC is sending payments totaling more than $1.2 million to 6,261 people who paid fees to Consumer Defense in a deceptive mortgage loan relief scam. The scam used several business names including Preferred Law, American Home Loans, and Modification Review Board.
Scammers can’t promise that a forensic loan audit will help you get a loan modification or any other mortgage relief. Some federal laws do let you sue your lender based on errors in your loan documents.
11 wrz 2024 · Mortgage loan modification scams are schemes to take your money – often by making a false promise of saving you from foreclosure. Scammers may: If anyone has made any of these requests or claims, you can report that company by submitting a complaint with the CFPB online or by calling (855) 411-CFPB (2372).
Loan modification scammers are targeting you. To counter this, HUD has launched a new public awareness and enforcement campaign specifically targeting loan modification scammers, calling on the general public to take three specific actions: “Know it. Avoid it. Report it.”
Security fraud. When using a loan modification scheme, fraudsters called borrowers of Federal Housing Administration (FHA) Mortgage by posing as employees of their mortgage companies. The fraudsters offered lower mortgage rates using phony loan modifications, and sometimes threatened foreclosure if the borrower did not agree to the loan ...
31 paź 2018 · Mortgage relief scammers falsely claim that, for a fee (typically hundreds or thousands of dollars paid up-front), they will negotiate with consumers’ mortgage lenders or servicers to obtain a loan modification or other relief to avoid delinquency or foreclosure.
