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Fasela Sheren

Loan Mod Scammers Hit With $4 Million Judgement in California

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California Attorney General Kamala D. Harris has announced that defendants who ran a national loan modification scam were ordered to pay more than $4 million in penalties and restitution, including $2 million to consumers who were falsely promised modifications of their mortgage loans. More than 1,000 customers paid more than $2 million for loan modification services to Statewide Financial Group Inc., which did business as US Homeowners Assistance and Webeatallrates.com, and was based in Orange County, Calif.Click to continue