CBS, NBC Morning Shows On Upfront Fee Foreclosure Rescue Operators

The CBS Early Show ran a story last week on upfront fee foreclosure rescue operators. In the report, two separate homeowners are interviewed about their experiences with the operators that they paid money to, Financial Protection Industries, and WJW Enterprises. Also interviewed for the story was Ohio Attorney General Marc Dann, who has recently filed lawsuits against six mortgage rescue companies, and reports that his office has gotten complaints about dozens of others. To watch the report, see ConsumerWatch: Foreclosure Scams; or to read the online story, see Homeowners Warned Against Mortgage Rescue Scams.

For the subsequent indictment of WJW Enterprises owner James A. Warsing, see Ohio Feds Indict Foreclosure Rescue Operator.

The NBC Today Show ran a story earlier this week about a North Carolina homeowner who lost her home to foreclosure after paying a fee to Nationwide Mortgage Assistance to help her save her home. Reportedly, after North Carolina Attorney General Roy Cooper shut down their operation, they moved one-half mile over the state line into South Carolina and have continued doin business. According to an official with the Better Business Bureau, there were only two companies of this type operating in the Charlotte, NC area last year; now there are sixteen. To watch the report, see Mortgage Foreclosure Scams.

For more on Nationwide Mortgage Assistance and Alan Steve Seabolt, see Local Mortgage Firm in Hot Water in North Carolina.