Loan Modification, Foreclosure Rescue Firm Changes Name After Being Hit With Complaints, Tagged With Lawsuits

In Charlotte, North Carolina, WCNC-TV Channel 36 reports:

• The Better Business Bureau wants to warn you about a Charlotte mortgage consultant.
  A formal complaint has been filed against Michael Grieco, previous owner of Home Assure, a mortgage foreclosure rescue business. In the past 13 months the BBB has received 19 complaints from 14 states about Greico's Home Assure business.(1)

• He's now operating under a new name -- Assurance Consulting Group. The BBB says there are ways for homeowners to identify companies that can really offer them some assistance. "The big difference in what Mr Grieco was offering and what legitimate companies offer is how they collect their fees," said Tom Bartholomy with the BBB. "Mr Grieco was requiring monies up front anywhere between $1,500 and $2,500 up front before he does any work at all. And then what the complaints are saying is they paid him that money and then nothing happens. They still lose that house."

Source: BBB: 19 complaints against Charlotte mortgage consultant.

(1) Home Assure has also been hit with lawsuits from the Federal Trade Commission ( see FTC v. Home Assure, LLC, et al. - the other defendants in this case are B Home Associates, LLC, doing business as Expert Foreclosure, Michael Grieco, Michael Trimarco, Nicholas Molina, and Brian Blanchard), and the North Carolina Attorney General (see AG Cooper goes after Charlotte foreclosure rescue scams).