TALLAHASSEE, Fla. – May 3, 2011 – Florida Attorney General Pam Bondi’s office filed a lawsuit on Friday against three South Florida companies that allegedly charged upfront fees for loan modification services to homeowners facing foreclosure. Charging upfront fees is illegal under Florida Statute 501.1377.
The three companies are: Home Owner Protection Economics Inc., DC Financial Group, and Deleverage America Inc. The company’s owners, Dennis Fischer and Christopher S. Godfrey, purportedly collected thousands of dollars monthly in upfront fees for loan modification services they never provided.
As a result of the lawsuit filed by the Attorney General’s Office, the Palm Beach County Circuit Court ordered the defendants’ assets frozen and has forbidden them from operating until further order of the court.
_____________________________
Upfront Fees are not cool. Why? Who knows what the bank will do or even IF they will do the short sale. Banks are Wild Cards and no one including the banks can predict what they will do.
GO Flordia Attorney General’s Office! YOU ROCK!
------------------
Read More
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259456
The three companies are: Home Owner Protection Economics Inc., DC Financial Group, and Deleverage America Inc. The company’s owners, Dennis Fischer and Christopher S. Godfrey, purportedly collected thousands of dollars monthly in upfront fees for loan modification services they never provided.
As a result of the lawsuit filed by the Attorney General’s Office, the Palm Beach County Circuit Court ordered the defendants’ assets frozen and has forbidden them from operating until further order of the court.
_____________________________
Upfront Fees are not cool. Why? Who knows what the bank will do or even IF they will do the short sale. Banks are Wild Cards and no one including the banks can predict what they will do.
GO Flordia Attorney General’s Office! YOU ROCK!
------------------
Read More
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259456
No comments:
Post a Comment