Virginia Loan Modification Outfit Accused Of Clipping Homeowners Out Of Illegal Upfront Fees To Fork Over $54K To Turn Off State AG Heat

In Virginia Beach, Virginia, The Virginian Pilot reports:

• A Virginia Beach-based company has agreed to pay $54,200 to settle allegations that it charged homeowners facing foreclosure thousands in illegal upfront fees to help save their homes, Virginia Attorney General Ken Cuccinelli announced Monday.



• Cuccinelli filed a lawsuit in Virginia Beach Circuit Court a year ago against Nationwide Loan Modification Bureau LLC. The suit alleged the company had illegally demanded money upfront for services and in some cases never performed. Virginia law prohibits a company that provides foreclosure-prevention services from charging a fee upfront.

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• In addition to the settlement with Nationwide, the attorney general also announced that the state has recovered $7,233 from Jason T. Gillentine, the firm's sole member and manager.



• Gillentine did not respond to an email seeking comment late Monday. In an interview last year, he said he shuttered his company after the attorney general's office began its investigation.

For more, see Va. Beach loan modification firm to pay $54K to settle suit.