Owner Of Northern California Loan Modification Firm Faces Foreclosure, Files Bankruptcy; Some Customers, Ex-Employees Call Him A Con Man

In Northern California, KPIX-TV Channel 5 reports:

• Some customers and even former employees of the company called "Saving California", which promised to help save homes in foreclosure, have told CBS 5 Investigates the company didn't deliver on its promises and call the man who runs it a "con man."

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• A CBS 5 investigation found customer after customer of [Ray] Jeter's [...] loan modification company [...] complaining his company took their money and didn't deliver on its promises. [...] And anyone who wants money back from Jeter may have little chance of ever seeing it. Jeter's filed for bankruptcy.

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• [His bankruptcy filings show] there's a debt of $1.75 million. What for? Jeter has a mansion at the top of a hill in Soquel. It also turns out the man who promised to save other people's homes didn't pay for his own; it's in foreclosure.

For more, see NorCal Loan Modifying Firm Owner Files Bankruptcy.