Illinois AG Reaches Settlement With Florida Upfront Fee Foreclosure Rescue Operator, Firm To Cease Operating In State

Announcement this week from the Idaho Attorney General's Office:

• Mortgage Assistance Solutions, LLC, a Florida foreclosure rescue company that sent advertisements to consumers claiming their homes were in foreclosure, can no longer do business in Idaho, Attorney General Lawrence Wasden said. Mortgage Assistance Solutions entered into a settlement agreement with the Attorney General that prohibits the company from advertising or engaging in any transaction involving an Idaho consumer or property in Idaho.

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• Mortgage Assistance Solutions made claims it could negotiate a better deal with a homeowner’s mortgage lender than the homeowner can by dealing directly with the lender. However, the company required a $1,200 payment before it would discuss possible options with the consumer.

• Under the settlement agreement, if Mortgage Assistance Solutions is found doing business in Idaho, it is subject to a $10,000 civil penalty. The company reimbursed the Attorney General $1,700 in attorney fees and costs. The company did not admit any liability under the agreement.

• Mortgage Assistance Solutions is operated by Michael Stoller, an attorney in Beverly Hills, California.

For the Idaho AG press release, see Wasden Bans Florida Foreclosure Rescue Company.

Go here to view a solicitation an Idaho consumer received from Mortgage Assistance Solutions.

Go here for other posts on Mortgage Assistance Solutions.