- Report: #761369
Report - Rebuttal - Arbitrate
Complaint Review: Mortgage Law Group
Mortgage Law Group17767 N. PERIMETER DR., SUITE B101, SCOTTSDALE, Arizona United States of America
Mortgage Law Group Ripp off and Scam SCOTTSDALE, Arizona
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In the more than 30 law enforcement actions the FTC has brought to date, the typical M.O. is for operators to falsely claim that for a fee theyll negotiate with the homeowners mortgage lender or servicer to get a loan modification, a short sale, or other relief from foreclosure. Many of these companies pretend to be affiliated with the government and government housing assistance programs.
A key provision of the new rule is a ban on advance fees. Companies cant collect a penny until theyve given customers a written offer from their lender or servicer that the customer decides is acceptable and a document from the lender or servicer describing the key changes to the mortgage that would result if the customer accepts the offer. Companies also must remind customers of their right to reject the offer without any charge
This report was posted on Ripoff Report on 08/05/2011 10:23 AM and is a permanent record located here: http://www.ripoffreport.com/r/Mortgage-Law-Group/SCOTTSDALE-Arizona-85255/Mortgage-Law-Group-Ripp-off-and-Scam-SCOTTSDALE-Arizona-761369. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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