Illegal Loan Modification Firms Beware

Appearing on the MortgageOrb website is, what appears to be, a press release announcing:

• A new investigative firm has been created to contend with the growing number of illegally run loan modification and foreclosure rescue companies. MFI-Mod Squad, founded by MFI-Miami LLC head Steve Dibert, is a privately funded loan modification company based in Boynton Beach, Fla., that aims to expose companies that charge troubled homeowners large up-front fees in exchange for promising to save their homes from foreclosure.

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• Once MFI-Mod Squad completes its investigation, a report will be posted on its Web site and a copy will be immediately sent to state and federal law enforcement officials and regulators for further action.

For the press release, see New Firm Investigates Illegal Mod Companies.