Thursday, June 11, 2009

Loan Modsters are Scam Artist

New York attorney general Andrew Cuomo is turning his efforts on loan mod companies. On Tuesday, Cuomo’s office announced it intended to file suit against a well-known mod company. Cuomo says his investigation found the company charged hefty up-front fees in violation with state law and advertised falsely that it saw a 90 to 100% success rate. The AG’s office also alleges the company didn’t provide necessary contracts that would have included a required notice of right-to-cancel. “This economic climate has bred an environment in which scam artists and opportunists are able to prey on vulnerable consumers on the brink of losing their most valuable possession — their home,” Cuomo said.

This can be done for free visit: http://www.makinghomeaffordable.gov/

Making Home Affordable

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