State Regulator Orders Shut Down Of Five S. Florida Loan Modification Outfits On Charges Of Pocketing Illegal Upfront Fees, Operating Without License

In South Florida, the Sun Sentinel reports:

• State regulators took the first step Thursday in what they said will be an ongoing effort against unlawful mortgage modifiers, ordering several South Florida operations to immediately stop doing business. The Florida Office of Financial Regulation cited five companies Thursday morning: Foreclosure Solution Specialists Inc., of Tamarac; the Federal Housing Assistance Program, west of Fort Lauderdale; Liberty Home Solutions, of West Palm Beach; Keep Living in Your Home, of Boca Raton; and Saving Your Home, of Miami. They were alleged to have violated two state laws by taking money upfront for mortgage modifications and by not being licensed to perform those services.

For more, see State cracks down on five South Florida home loan rescue companies (Mortgage modifiers allegedly violated new rules).