NC Shuts Down Purported "Non Profit" Loan Mod Outfit; Clipped Homeowners For Up To $1,500 Upfront, Failed To Honor Money Back Guarantee, Says State AG

In Raleigh, North Carolina, North Carolina News Network reports:

• A judge has barred a Kannapolis-based foreclosure assistance firm from doing business. State Attorney General Roy Cooper had sought the action. Cooper accuses Geoffrey Lamb of Cabarrus County, doing business as The Lamb Group and US Business, of charging consumers up-front fees of as much as $1,500 but doing little to help them. “We’ve made it illegal to take money up-front for foreclosure or loan modification help, and we’re cracking down on violators,” said Cooper.

• A complaint also alleges that Lamb stated on his website that his firm was a “non-profit foreclosure relief organization” with a “success rate of 97%.” Wake County Superior Court Judge Donald Stephens agreed with Cooper’s request to temporarily bar Lamb from offering foreclosure and loan modification services. Cooper contends that Lamb promised a full refund if a consumer’s lender did not offer to rework their loan. The complaint alleges that Lamb failed to get loans modified but still refused to give consumers their money back.(1)

Source: AG Cooper Cracking Down On Foreclosure Assistance Scams.

(1) According to the North Carolina Attorney General's Office (see AG Cooper stops Kannapolis foreclosure scam), a total of six consumers have filed complaints about Lamb with the Attorney General’s Consumer Protection Division. Nine consumers complained to the Better Business Bureau of the Southern Piedmont, which assisted in the investigation. The case against Lamb is part of a national crackdown on foreclosure rescue and loan modification scams brought by 26 federal and state agencies, the NC AG stated. Also included in the 118 case sweep was another case brought by Cooper last week against Campbell Law Firm and Rudolph C. Campbell of Florida, which is pending in Wake County Superior Court, according to the NC AG press release.