Wednesday, July 7, 2010

Cuomo Tacks On 31 Outfits To Calling Card List Of Loan Modification Rackets Around The Country Being Reminded To Observe NY Law

From the Office of the New York Attorney General:

  • Attorney General Andrew M. Cuomo [] expanded his investigation into mortgage rescue companies that abuse New York homeowners. As a part of his ongoing investigation, Cuomo is sending over 30 additional cease and desist letters to mortgage rescue companies warning them to immediately end all misleading and illegal conduct. A total of 213 companies have now been put on notice.(1)

For the NY AG press release, see Attorney General Cuomo Expands Investigation Into Mortgage Rescue Companies That Abuse Homeowners (Cuomo Orders Over 30 Additional Mortgage Rescue Companies to Cease Fraudulent Practices; 213 Companies Have Now Been Put on Notice).

(1) Mr. Cuomo is reportedly the leading candidate for governor of New York in the state's upcoming election this November. Despite that, I'm quite confident that the timing of the recent 200+ friendly admonitions sent by his office to operators of loan modification rackets that may be screwing New York homeowners out of their hard-earned cash (especially those who plan to vote for governor but are undecided on who to support) is purely coincidental...

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