Wednesday, March 14, 2012

NC AG Scores Consent Judgment Putting Loan Modification Outfit Out Of Business In State

From the Office of the North Carolina Attorney General:

  • A Winston-Salem foreclosure assistance outfit that promised to save struggling homeowners from foreclosure is permanently banned from offering foreclosure assistance or credit repair services in North Carolina, Attorney General Roy Cooper announced [].


  • Late Monday, Wake County Superior Court Judge Michael R. Morgan signed a consent judgment between Cooper and Edward “Eddie” Phillip Long, Jr., doing business as Credit Enhancement Services, banning Long from offering foreclosure and loan modification services in North Carolina. Long will also pay $5,600 for consumer restitution.

  • Cooper’s office filed suit against Long in May 2011 and since then Credit Enhancement Services has ceased operating. As alleged in the complaint, Long charged upfront fees of between $300-$500 and promised to obtain favorable loan modifications to save customers’ homes from foreclosure. Despite Long’s assurances, many homeowners were unable to obtain loan modifications, and some lost their homes to foreclosure.

For the North Carolina AG press release, see Winston-Salem foreclosure assistance operation banned from NC (Cooper urges homeowners to seek free help from qualified housing counselors instead).

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