loan modification scam

US Loan Auditors and My US Legal Services billed themselves as companies that can help homeowners who are victims of predatory lending, but they're now being sued for defrauding the same people they claimed to want to help. In a $60 million lawsuit filed by California's attorney general, the two...

Virginia Attorney General Ken Cuccinelli has sued two Virginia Beach mortgage loan modification companies, claiming they charged consumers as much as $1,200 in advance for help to fend off foreclosures. Under the state's foreclosure rescue law, a business can't charge a fee for its services until...

NeighborWorks, a national nonprofit created by Congress in 1974, has launched a campaign that is loan modification scam central: tips on how to spot scams, numbers to call if you suspect you are being scammed and poignant vignettes of people who have been scammed. The timing for a national...

Desperation is powerful fodder for scams and a troubled and problem-plagued federal loan modification program offers added opportunity for scamming. So it comes as no surprise that the New Jersey company that reached a settlement this week with the Idaho attorney general's office after being...