Loan Modification Scams Are Not Just A California Problem
[caption id="attachment_167" align="alignright" width="413" caption="Loan Modificattion Scams Are Prevelent Everywhere"][/caption] Prosecutors nationwide filed 189 legal actions The Week of July 12 against loan modification consultants accused of bilking homeowners who are desperate to make their mortgage payments more affordable. The lawsuits and cease-and-desist orders announced by Federal Trade Commission Chairman Jon Leibowitz and California Attorney General Edmund G. Brown were part of a nationwide sweep of alleged sham consultants by the federal agency and officials in 18 states. Brown said "We are going to do everything we can to stop it, realizing that there are more rats to come out of their holes than we can stomp on, but we will keep doing the best we can because it is horrible to take advantage of...
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