Friday, February 24, 2012

Florida AG Continues Pattern Of Ineffectiveness In Foreclosures; 'Salvages' $59K In Restitution For 430 Homeowners Hurt By Upfront Fee Loan Mod Racket

In Tallahassee, Florida, WINK News reports:

  • Attorney General Pam Bondi's office has secured restitution of $59,000 for approximately 430 consumers(1) who were harmed by a foreclosure-related rescue service scam. The settlement resolves allegations that Home Owner Protection Economics, Inc., DC Financial Group, and Deleverage America, Inc., and owners Dennis Fischer and Christopher S. Godfrey illegally charged up-front fees for foreclosure-related rescue services and failed to perform the services for which they were paid.

  • Any homeowner who seeks the help of a foreclosure-related rescue service and is asked for an up-front fee should report that business to our office immediately,” stated Attorney General Pam Bondi. “This practice is prohibited by state law, and my office will continue to crack down on these illegal actions.”

  • An investigation revealed that the defendants purportedly charged as much as $2,000 a person in up-front fees, which is prohibited. Additionally, services were never rendered.

Source: Floridians harmed by foreclosure scams are getting relief.

(1) An average of $137.21 per victim.

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