Articles from Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney

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Deceptive Marketing – Lexington Law

Submitted by Anonymous (not verified) on Mon, 06/24/2019 - 01:08

Deceptive Marketing – Lexington Law, John C. Heath and CreditRepair.com
Lexington Law and CreditRepair.com
5/2/19 – The Consumer Financial Protection Bureau (Bureau) filed a complaint for deceptive and abusive telemarketing acts or practices against PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc., Progrexion Teleservices Inc., eFolks LLC, and CreditRepair.com Inc.; and against John C. Heath, Attorney at Law PLLC, which does business as Lexington Law.

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Fake Credit Repair Scheme – FTC Cracking Down

Submitted by Anonymous (not verified) on Sat, 06/22/2019 - 03:13

Assets of Grand Teton Professionals frozen by federal court for fake credit repair schemeAlleges scammers charged upfront fees and falsely promised to improve credit scores

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Reverse Mortgages – Why Seniors Lose Their Home

Submitted by Anonymous (not verified) on Mon, 06/17/2019 - 04:30

Seniors were sold a risk-free retirement with reverse mortgages. Now thousands face foreclosure.
Urban African American neighborhoods are hardest hit as nearly 100,000 loans have failed.
6/2019 By Nick Penzenstadler and Jeff Kelly Lowenstein, read extensive report – article from USA TODAY

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Wells Fargo Agrees to Pay $385 Million for Fraud

Submitted by Anonymous (not verified) on Mon, 06/10/2019 - 22:22

Wells Fargo Defrauds Customers, AGAIN, Agrees to Pay $385 Million

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Mortgage Closing Scams: How to Protect Your Money

Submitted by Anonymous (not verified) on Sun, 06/09/2019 - 02:12

Mortgage Closing Scams: How to protect yourself and your closing funds
YOUR MORTGAGE CLOSING CHECKLIST
By Melissa Yu – JUN 03, 2019, Consumer Financial Protection Bureau
Closing is one of the most important stages of buying a house. Learn how to prepare and what to expect so you can close with confidence.

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FREEDOM MORTGAGE PAYS $1.75 MILLION

Submitted by Anonymous (not verified) on Sun, 06/09/2019 - 01:46

FREEDOM MORTGAGE CORP SETTLES – PAYS $1.75 MILLION
6/5/19 – The Consumer Financial Protection Bureau (Bureau) announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide.