Saturday, June 25, 2011

City Attorney To All Victims Of Recently-Convicted Upfront Fee Loan Modification Peddler: 'Pick Up The Phone & Call For Cash!'

In Southern California, The San Diego Union Tribune reports:
  • The San Diego City Attorney's Office is looking for homeowners who paid an up-front fee to a company that promised to lower monthly mortgage payments and never delivered, agency officials said [].


  • Christopher Dixon, the owner of the now-defunct Nations Mortgage Solutions, pleaded guilty in San Diego Superior Court on Friday to acting as an unlicensed real estate agent, while collecting up-front fees for loan modifications, which is illegal in California. Dixon has been ordered to pay a $1,000 fine and $6,500 in restitution to victims.


  • The City Attorney's consumer protection division filed charges against Dixon last year after looking into complaints from people who paid Dixon 1,000 to $3,000 to modify their loans and got nothing in return.


  • Agency officials are on the look-out for more people who may have fallen victim to the scam. Dixon has been ordered to pay restitution to victims who come forward within the next two months. Do you think you were victimized? File a claim by calling (619) 533-5600.

Source: Prosecutors seeking victims in loan-mod scam.