NC Shuts Down Another Foreclosure-Rescue Company

By
Real Estate Agent with RE/MAX Executive Realty

The NC Attorney General's office has shut down another "alleged" foreclosure-rescue company that operated out of locations in Charlotte and Colfax.

According to a recent article in the Charlotte Business Journal, the company operated under the names Hazelton Management and The Carley Group. The owner, Reginald Keith Turner, is now permanently prohibited from foreclosure assistance, loan modification and debt-relief work in the state.

His businesses were accused of charging homeowners an advance fee of as much as $2,500 but did little or nothing to help save those clients' homes.

It's important to remember that under North Carolina law, it's illegal to charge an advance fee for any help with a foreclosure or loan modifications. Those doing so are acting illegally and most likely are scams. We all need to make sure homeowners in financial distress are aware of this and that there are legitimate options available to them (work-out programs, deed-in-lieu, short sales, etc.)

Posted by

Scot DraperQR Code for ScotDraper.com
Broker/Realtor, ABR CIAS CDPE SFR ePRO
RE/MAX Pros
Scot@ScotDraper.com
www.ScotDraper.com
(704) 659-7728 Office
(704) 965-2941 Cell
(704) 631-4965 Fax

   

Serving the Charlotte Metro/Lake Norman NC Region | NC Areas Served: Charlotte, Huntersville, Cornelius, Mooresville, Davidson, Denver, Lincolnton, Concord, Harrisburg, Mint Hill & Matthews | SC Areas Served: Fort Mill & Surrounding Areas | Short Sale Specialist - Contact me for free consultations

All information deemed reliable, but not guaranteed.

Comments (1)

Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I am glad they are catching up with these companies,

Jan 11, 2011 01:13 AM