Indiana Attorney General Going After Mortgage Bailout Scammers

February 3, 2014
Fort Wayne News-Sentinel (IN) 
overdraft news
There are just two mortgage bailout firms operating legally in Indiana, and state Attorney General Greg Zoeller has filed suit against three that are not.

Florida-based Mortgage Solutions Clearing House and California-based Federal Modification Law Center -- neither of which filed a required $25,000 surety bond with the AG's office -- are accused of demanding nearly $2,000 in upfront payments from two customers but failing to deliver promised home loan workouts. They are charged with violations of the Mortgage Rescue Protection Act and the Home Loan Practices Act. A third company, California-based Mortgage Auditing Solutions, is additionally charged with violating the Credit Services Organization Act and the Deceptive Consumer Sales Act. It, too, neglected to register the surety bond with Zoeller's office.

The AG is asking the court for injunctions against all three firms, restitution for their victims, civil fines, and investigative costs. He said he is taking action now to show mortgage bailout scammers that their behavior will not be tolerated in his state.

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.