Virginia AG Files Civil Suit Against Two Firms Allegedly Running Loan Modification Racket

In Virginia Beach, Virginia, The Virginian-Pilot reports:

• Virginia Attorney General Ken Cuccinelli says he has filed suit against two Virginia Beach-based mortgage modification companies that offered services to help homeowners prevent or avoid foreclosure. The suit, filed in Virginia Beach Circuit Court, accuses Nationwide Loan Modification Bureau and Real Estate Resolutions of charging illegal fees before performing foreclosure rescue services for customers, a news release from Cuccinelli’s office says.

• The fees were as much as $1,200, according to the release. The suit also accuses Nationwide of doing little or nothing to help customers prevent or avoid foreclosure, the release says.

For more, see Cuccinelli sues two Beach-based foreclosure rescue firms.

For the Virginia AG press release, see Attorney General Cuccinelli sues two Virginia Beach-based mortgage modification companies (Companies allegedly charged illegal advance fees for “foreclosure rescue” services).