Central Florida Loan Modification Firm Added To Florida AG Lawsuit Hit List; Accused of Pocketing Upfron Fees In Violation Of State Law

From the Office of the Florida Attorney General:

• Attorney General Bill McCollum [Friday] announced that his office has filed a lawsuit against an Orlando loan modification company alleging the company was committing foreclosure rescue fraud. Three Angels Community Action Network(1) and company president Sherrard A. Haugabrooks are named in the lawsuit filed [...] in Seminole County Circuit Court. The lawsuit specifically alleges violations of Florida’s Foreclosure Rescue Law, §501.1377. [...] The company allegedly charged homeowners an up-front fee generally equal to a monthly mortgage payment prior to providing loan modification services.

For the entire press release, see Attorney General Sues Orlando Loan Modification Company for Foreclosure Fraud.

For the lawsuit, see State of Florida v. Three Angels Community Action Network, et al.

(1) According to the press release, the company also does business as 3ACN; US Loss Mitigation Services of FL, Inc.; Appraisal Technology and Valuation Inc.; and 3ACN Loss Mitigation Services, Inc.