Scam Alerts

False and misleading statements used to induce customers to purchase loan modification services from a San Marcos-based businessman pleaded guilty to conspiracy, money laundering and tax charges. Glenn Steven Rosofsky admitted that in April 2009, he and Michael Trap — who previously pleaded guilty — began operating a loan modification business using the names “Nations...
Read more »

Loan modification company banned from doing business in Oregon Steve Anderson bought a house at the height of the real estate market and now he’s upside down. “It’s scary, it puts you in a quandry. You can’t unload it,” said Anderson. One television infomercials says it’s no problem to be upside down on your mortgage. ...
Read more »

New Florida law requires mortgage broker license to stem loan modification scams Starting January 2010, anyone who provides loan modification services in Florida must be a mortgage broker — a $240 license that requires passing a state test, as well as have a clean criminal record. Lawmakers added loan modifiers to the statute governing mortgage...
Read more »

Attorney General Bill McCollum today announced he has filed a lawsuit against three businesses operating in Miami-Dade County, FL The allegations involve deceptive and unfair trade practices regarding their involvement in a foreclosure rescue scam affecting homeowners nationwide. The Florida Attorney General’s Economic Crimes Division began investigating Kirkland Young LLC, in July after receiving numerous...
Read more »

Loan modification victims in Idaho will receive refunds in settlement agreements with loan modification company Twelve Idaho homeowners who paid a Meridian man, Paul Clarence Aughtry, IV, for mortgage loan modifications will receive refunds totaling $12,400. This action is a result of settlement agreements with State Attorney General Lawrence Wasden and the Idaho Department of Finance....
Read more »