Wednesday, December 31, 2008

Loan Modification Services Prohibited In Vermont Unless Licensed, Say State Officials

In Montpelier, Vermont, The Burlington Free Press reports:

  • (BISHCA) has received inquiries and complaints about so-called foreclosure “rescue” services. While it is not inherently illegal to offer these services, the person doing it must be licensed with BISHCA as a lender, mortgage broker, or debt adjuster, said BISHCA officials.

For the story, see State: Be wary of foreclosure rescue services.