L.A. City Attorney Pinches Two For Alleged Loan Modification Ripoffs In Separate, Unrelated Scams

In Los Angeles, California, KPCC Radio 89.3 FM reports:

• Even though Los Angeles is no longer in a foreclosure crisis, thousands of Angelenos still have underwater properties and are targets of scam artists promising to modify their home loans.
  
  On Wednesday, City Attorney Mike Feuer announced he had filed criminal charges against two men who collected money from homeowners seeking loan modifications but failed to do the work.
  
  Jorge Bolanos Santizo allegedly collected $1,600 from a homeowner in the Valley without performing any loan modification work.
  
  Eblin Balver allegedly ran a similar scheme on a Bellflower homeowner, who lost his house to foreclosure and never got back the $8,500-plus Balver had charged.

Source: LA homeowners falling prey to loan modification scams.