Upfront Fee Florida Foreclosure Rescue Operator Gets Apparent Hand Slap In Federal Civil Suit; FTC To Suspend $4.1M Judgment After Payment Of $21K

The Federal Trade Commission recently announced:

• The Federal Trade Commission has put a stop to a deceptive foreclosure "rescue" operation that charged homeowners $1,200 based on the false promise that it could save them from losing their homes. The operators of the business(1) are barred from any further deceptive practices under a settlement with the FTC. The agency charged them with violating the FTC Act by falsely claiming that they would prevent homes from being foreclosed in virtually all instances or refund most of the $1,200 fee. In most cases the defendants neither stopped foreclosure nor provided promised refunds.

***

• The order imposes a $4.1 million judgment, which will be suspended upon transfer of $21,694 in bank account funds that were frozen by the court. The full judgment will become due immediately if the defendants are found to have misrepresented their financial condition.

For the entire FTC press release, see FTC Action Stops Foreclosure 'Rescue' Operation.

For linkks to the relevant court documents in this matter, see Federal Trade Commission v. United Home Savers, LLP, et al.

(1) The defendants are Stephanie Dietschy, Darin Dietschy, and United Home Savers, LLC, all based in Florida. loan modification