Hundreds Show Up At Miami Loan Modification Firm Headquarters Clamoring For Refunds Of Their Upfront Fees

In Miami, Florida, WFOR-TV Channel 4 reports:

• Hundreds of people crowded outside a building in Miami on Tuesday trying to get their money back from Lincoln [Lending] Services, a mortgage "rescue" company. Florida's attorney general filed suit against the company (press release, lawsuit) Monday, alleging it has illegally collected thousands of dollars in up front fees from people looking for help in restructuring their mortgages or avoiding foreclosure.

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• Retiree Roberto Salcido said he gave Lincoln [Lending] $4,400 and got "nothing" for his money. "My wife and I are retired," Salcido said, clutching a batch of Lincoln Financial paperwork in a clenched fist.

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• A woman who answered the phone at the company Tuesday said Lincoln [Lending] is no longer in business and has been "absorbed" by an outfit called the Foreclosure Law Center. The woman, who did not give her name, said the Foreclosure Law Center would make good on promises made to clients or refund their money "if no services have been provided to them."

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• The attorney general's office urged those who believe they have been victimized by Lincoln [Lending] or other mortgage rescue companies to file a complaint at the their Fraud Hotline, 1-866-966-7226, or at their website.(1)

For more, see Mortgage "Rescue" Company Sued By Atty. General (Attorney General Says "Scam" Targeted Most Vulnerable) (read story) (watch video).

(1) Based on the Florida Attorney General's lawsuit against Lincoln Lending Services, complaints to The Florida Bar alleging the unauthorized practice of law, which is one of the Florida AG's allegations against Lincoln (see Florida AG's lawsuit, at paragraph 30), may also be advisable. Go here for information on Filing an Unlicensed Practice of Law Complaint with The Florida Bar.