Media Spotlight Causes Foreclosure Rescue Operators To Cough Up Refunds On Failed Loan Modification

In New York City, WABC-TV Channel 7 reports:

• The foreclosure crisis has left many homeowners desperate for lifelines to stay in their homes. Many mortgage modification companies offer help to lower payments. A Staten Island woman invested her trust and her money in a firm promising guaranteed solutions.
• When they didn't fix the loan then closed, she asked Nina Pineda and 7 on Your Side to track them down. With the kind of reaction Eyewitness News received, it's easy to see why customers of Home Safe America are left upset.

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• Within weeks of our visits she got three bank checks from Home Safe's former partners.(1)

For the rest of the story, see Battle with mortgage modification company.

(1) According to the story, Home Safe America never got the homeowner's modification and then went out of business. When Eyewitness News went to Home Safe's offices, the company's president was peddling mortgage modifications under a new name, United Solutions Corp. At first he didn't want to talk but finally, he agreed to refund the homeowner. Off camera he placed the blame for clients not getting refunds on his former Home Safe partner. Eyewitness News went looking for the partner and tracked him down peddling mortgage modifications for another company. The partner also refused to be interviewed but promised to pony up part of the refund for the homeowner. Shortly thereafter, they forked over three bank checks to her.