Wednesday, December 16, 2009

Kansas AG Joins Nationwide "Operation Stolen Hope" - Tags Two Loan Modification Outfits With Suits Alleging Pocketing Upfront Fees, Breaking Promises

From the Office of the Kansas Attorney General:

  • [Kansas Attorney General Steve] Six recently filed two [...] lawsuits against [loan] modification companies. He alleges that these companies find consumers that are in trouble with their mortgage payments and contact them directly, either through internet advertisements or by phone. Despite promising to negotiate lower rates for the consumers, they either do nothing at all or provide services the consumers could obtain for no cost. The companies being sued are Home Loan Modification Advisors in California and Infinity Funding Group in New York.

For the Kansas AG press release, see AG Six continues fight to stop mortgage, foreclosure fraud.

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