In a Rare Government Action the FTC Bans Brazen Mortgage Scammers

iStock

In a Rare Government Action the FTC Bans Brazen Mortgage Scammers

Sep, 6th 2016

A series of “law firms” and the individuals who did business on their behalf are now banned from operating in the mortgage business, after the Federal Trade Commission found that the companies were falsely promising financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments and interest rates.

Typically, mortgage justice comes from the Securities and Exchange Commission; it's a rarity for the FTC to step in.

According to the FTC, Edward William Rennick III, Surety Law Group and Redstone Law Group agreed to be banned from selling secured and unsecured debt relief products or services, prohibited from misrepresenting any financial products and services, and from violating the Do Not Call Registry rules, as part of a settlement.

The settlement also includes an $8...

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!


Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™

SIGN UP NOW!

Join, Resolve & Share!