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Loan Modification

: Mortgage Lender Implode-o-Meter

FTC Puts Mortgage Foreclosure ?Rescue? Company Out of Business

By Implode-Explode Heavy Industries

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"The FTC announced today that it reached settlements with National Foreclosure Relief and a former director, Chele Stone, also known as Chele Medina, which ban them from the mortgage modification business. The settlement orders also permanently prohibit them from making misrepresentations to consumers about financial goods and services, such as loan terms, the ability to improve someone?s credit history, and how much a consumer would save by enrolling in a debt relief service, or making misrepresentations about any good or service, such as refund terms and government affiliation. National Foreclosure Relief and Stone also are prohibited from seeking payment from or enforcing any contracts with customers who enrolled in their program before the FTC?s lawsuit, and from selling or otherwise disclosing customers? personal information."

Full post as published by Mortgage Lender Implode-o-Meter on April 29, 2010 (boomark / email).

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