Nations Housing Modification Center of San Diego closed being raided

By
Services for Real Estate Pros with Real Estate Consultants

abcnews.com is reporting that Nations Housing Modification Center (NHMC), is currently under investigation and has been closed since the FTC raided their offices following a report on Good Morning America and World News.

"In our case against the so-called Nation's Housing Modification Center, the malefactors guaranteed to modify mortgages," Liebowitz said. "They required a minimum upfront fee of $2500 or 3000 or more but they failed to deliver on those promises. And they made the situation worse by actually telling the people who signed up for them not to make any more mortgage payments - that resulted in some consumers losing their homes."

"Just as disturbing," he continued, "this outfit bombarded homeowners with direct mail, making their companies look like the federal government's Making Home Affordable program. That program really does help distressed families in need and...they do it for free, not for a fee."

 

Comments (1)

Christine Hynes
American Capital Corporation - Laguna Beach, CA
Orange County Senior Loan Consultant

As of October charging upfront fees in California is now illegal, glad to see they got these guys

Jan 11, 2010 08:47 AM