Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Sunday, September 06, 2015
Maryland Attorney Faces Non-Criminal Accusations Of Fleecing Homeowners In Foreclosure By Peddling Crappy Loan Modification Services
From the Office of the Maryland Attorney General:
Attorney General Brian E. Frosh announced [] that the Consumer Protection Division has filed charges against the Towson-based Law Office of Daniel M. Radebaugh, LLC and its founder Daniel M. Radebaugh, for allegedly charging at least 400 consumers illegal advance fees and not providing promised refunds after failing to negotiate successful loan modifications.
The administrative charges [ie. non-criminal charges] allege violations of the Maryland Credit Services Businesses Act and the Maryland Consumer Protection Act between 2010 and 2013. According to the Division, Mr. Radebaugh made false and misleading representations to consumers. The firm claimed it could obtain loan modifications, required consumers to pay prohibited up-front fees of up to $2,495 when nonprofit organizations offer the same services for free, and guaranteed refunds if they were not successful in securing loan modifications.
In addition to requiring that restitution be paid to all consumers harmed by these practices, the charges also seek to impose a civil penalty of up to $1,000 on Mr. Radebaugh and his firm for each of the alleged violations of the Consumer Protection Act.
A hearing is scheduled for October 1 at the Office of Administrative Hearings. Consumers with complaints against Mr. Radebaugh or his law office should call the Consumer Protection Division at 410-576-6569 or write to 200 St. Paul Place, 16th Floor, Baltimore, MD 21202.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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