Wall Street, Main Street: Loan Modification Seekers Beware!

Friday, May 21, 2010

Loan Modification Seekers Beware!

Home loan modification telemarketers charged with stealing $2.3 million from desperate homeowners

Canoga Park telemarketers bilk $2.3 million from homeowners

Canoga Park telemarketers bilk $2.3 million from homeowners

A casino-style telemarketing operation run by nine men out of a Canoga-Park, Calif. boiler room is charged with stealing $2.3 million from desperate homeowners seeking home loan modifications to prevent foreclosure.

Four of nine men being accused of running the illegal business are in custody, while police are seeking another five.

See full article from WalletPop: http://www.walletpop.com/blog/2010/05/20/home-loan-modification-telemarketers-charged-with-stealing-2-3/?sms_ss=blogger&icid=sphere_copyright

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