Virginia, 2 Mortgage Loan Modification Companies Reach Settlement
March 6, 2013
Virginia Attorney General Kevin Cuccinelli confirmed that his office has reached settlements with a set of mortgage modification firms that duped homeowners. According to the complaint, consumers paid upfront fees of as much as $15,000 for foreclosure rescue services that were never delivered. The payments passed through Virginia Beach-based Rysnglo Financial Management to Mae Global Enterprises of Los Angeles, Calif., which was supposed to provide the assistance. Under the agreement with Cuccinelli, the companies will make restitution of $248,200 and pay the state of Virginia $110,000 in civil fines, legal fees, and other costs.
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