Wednesday, May 23, 2012

Indiana AG Targets Five More Out-Of-State Outfits For Allegedly Running Loan Modification Rackets

From the Office of the Indiana Attorney General:

  • More out-of-state scammers who profited off of Hoosiers desperate to keep their homes now face lawsuits by Indiana Attorney General Greg Zoeller.

  • Five lawsuits were recently filed against Freedom Equity Savings of Ohio, Integrity Mortgage and Credit Solutions of Florida, Provident Law Group, Inc. of California, Nationwide Mediation Services of California and Global Equity Solutions also know as Peachtree Consultants of Georgia.
  • The companies are all accused of violating Indiana's consumer protection laws and taking more than $11,300 total from six customers living in Hamilton, Lake, Marion, Parke and Union counties. In all cases, the businesses promised to reduce homeowners’ interest rates or monthly payments in exchange for an upfront fee.

  • Consumers made payments ranging from $791 to $3,000 before realizing little or no progress had been made on their home loans. The state seeks an injunction, restitution and civil penalties against the companies.
For the Indiana AG press release, see State lawsuits target home loan modification companies.
For the lawsuits, see:

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