Saturday, June 26, 2010

Oregon AG Reaches Resolution Of Consumer Complaints With Two Loan Modification Outfits

From the Office of the Oregon Attorney General:
  • Oregon Attorney General John Kroger [] announced two settlements that will provide refunds to Oregon homeowners and prohibit two connected Orange County, California companies from doing further loan modification work in Oregon.

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  • The settlement with Noah Savings Mortgage resulted in $6,500 in full refunds to two Oregon consumers. The company also must pay $5,000 to the Oregon Department of Justice and cease doing loan modification work in Oregon. [...] The settlement with Liberty Law Firm prohibits the company from doing modification work in Oregon. If any Oregon consumer complaints arise before August 20, 2010, Liberty Law Firm must pay restitution to those victims and $5,000 to the Department of Justice.

For the Oregon AG press release, see Oregon Bans Two California Loan Modifiers.