Thursday, May 3, 2012

Ohio AG Scores Win In Suit Against Cleveland-Area Loan Mod Racket That Clipped Homeowners For Upfront Fees, Then Stiffed Them On Promised Services

In Cleveland, Ohio, News Channel 5 reports:

  • A Cleveland-area foreclosure rescue company has been shut down and its owner ordered to repay consumers hundreds of thousands of dollars in upfront fees for services they never received.

  • A 5 On Your Side investigation first exposed complaints against the Broadview Heights company known as The Modification Group or "TMG" in an exclusive report in May 2011.

  • Ohio Attorney General Mike DeWine filed a lawsuit against the company and its owner, Robert Walker, just one day after our report aired.

  • In an agreed consent judgment, the company was shut down, ordered to pay a $100,000 fine and repay consumers $338,000 in fees for services never performed. Walker has been barred from operating foreclosure rescue and credit services in Ohio.
For more, see Cuyahoga court shuts down foreclosure rescue company following exclusive 5 On Your Side report (Ohio Attorney General says consumers ripped off).

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