United States - Help for homeowners

Home Assure LLC will pay $2.4 million to settle FTC charges that it deceived homeowners with promises to save their homes from foreclosure. According to the FTC's complaint, the defendant typically charged homeowners an up-front fee of up to $2,500 and falsely claimed that its special relationships with lenders would facilitate favorable loan modifications or stop foreclosure. But they did little or nothing to help people avoid foreclosure. The settlement also bans the company from selling mortgage loan modification and foreclosure relief services.

Read the press release.

In addition, the FTC banned eight marketers from selling mortgage relief services: the agency says Federal Loan Modification Law Center, the Loss Mitigation Services, Hope Now Modifications, and their principals and affiliates charged homeowners upfront fees and falsely claimed to be able to modify their mortgages or prevent foreclosures on their homes.

Read the press release.