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Real Estate & Property Law

: The Home Equity Theft Reporter

FTC Rule Banning Upfront Fees For Loan Modification Services Goes Into Effect

By r morris

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The Federal Trade Commission recently announced:As of January 31, 2011, companies that offer to help homeowners get their loans modified or sell them other types of mortgage assistance relief services are no longer allowed to charge up-front fees. Under the rule, a mortgage assistance relief company may not collect a fee until the consumer has signed a written agreement with the lender that

Full post as published by The Home Equity Theft Reporter on February 17, 2011 (boomark / email).

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