NC goes after california loan mod companies, Federal Loan Mod Law Center in trouble (again?)

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Services for Real Estate Pros with Real Estate Consultants

Summary's of www.loan-deals.com

The Federal Loan Modification Law Center is the subject of a federal lawsuit in California filed by the Federal Trade Commission. In April, the FTC charged the firm with misrepresenting that, in exchange for an up-front fee, it would obtain a loan modification or stop foreclosure in virtually all cases. The FTC said the firm also misrepresented that it is affiliated with or endorsed by the U.S. government.

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Green says 21st Century Legal Services contacted him, and offered a 30-year fixed rate loan at 4 percent. "My payment is $665, they said it would be $305, and I thought, ‘Yeah, that's what I need right now," Green told Newschannel 36.

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