Arizona loan modification busted

“The operators of a “loan modification” company announced on TV that they work with the U.S. Department of Housing and Urban Development, but it’s not so, the Arizona Attorney General says. Santoya Financial Co. charged customers more than $1,200 for its bogus services, Attorney General Terry Goddard says.”

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Jerry Brown going after homeowner scams

Addressing the growing wave of loan modification services that promise but don’t deliver assistance to homeowners burdened by mortgage payments they can no longer afford,  the California Attorney General promised in hearings held in Southern California to aggressively target these companies especially those advertising on television.

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Loan modification scams are everywhere

Here is a link to  recent consumer complaints in several different locations.  I’ve posted several lawsuits involving  debtors feeling scammed when they have gone to loan or debt relief services for assistance and gotten none.

Customer complaints on loan modifications