Another North Idaho Loan Modification Company, HomeModifier, Gets Busted!

It wasn't long ago that Apply 2 Save went down in legal flames after ripping off scads of vulnerable homeowners trying to make the best of a bad situation.  In the news this week is the tale of another loan modification company that didn't deliver what people paid big money for them to do.  APS Northwest LLC, operating under the name HomeModifier in Spokane Valley and Post Falls, is being charged with a scam by the Idaho attorney general. 

The AG filed legal action in the First District Court this week with an order to hand over tens of thousands in civil penalties for false representation, false advertising, and failing to perform services. 

The complaint states, "Defendants accepted thousands of dollars from dozens of consumers for mortgage modification services that defendants never provided, that they were not qualified to provide, and that defendants were not authorized to provide." 

BEWARE of LOAN MODIFICATION COMPANIES!  I have written several articles about loan modifications and how these companies charge HUGE fees to do something that you can do yourself.  In many cases,as with HomeModifier, they take your money and leave you hanging.  For some important loan modification information please read:

Loan Modification Scams, Operation Loan Lies and a Ding on Your Credit Report

Loan modifications are FRUSTRATING to attempt to accomplish, and increasingly I am hearing of horror stories from good folks who should qualify but can't make it happen in spite of their best efforts.  The facts are that in most cases it is NOT in the lenders best financial interest to modify a loan. 

Is the FDIC Killing Short Sales and Loan Modifications in Coeur d'Alene Idaho?

It seems as if they are intentionally trying to make it as difficult as they can.  It can seem tempting to someone who is emotionally stressed and financially overwhelmed to pay a fee for not having to personally deal with a lender.   But proceed with EXTREME CAUTION! 

BEWARE OF LOAN MODIFICATION COMPANIES!  Do it yourself and save thousands!

As for HomeModifier, the Attorney General is ordering LLC managers Randy Paul Allen, Travis Wayne Smith and Clint Ty Paulson to pay restitution to everyone who suffered economic damages from their conduct.   They have also been ordered to pay attorney's fees and investigation costs, and they can't engage in business in the state of Idaho again.  Good!