Skip to main content
(678) 915-2634 Contact Us
Federal agency sues over mortgage relief fraud Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Federal agency sues over mortgage relief fraud

Judge Gavel, Scales of Justice and legal books on the desk

The U.S. Federal Trade Commission (FTC) has filed lawsuits against three companies, accusing the companies of using fraudulent means to swindle homeowners out of millions of dollars. The ultimate goal of the lawsuits is to immediately force the companies to shut down.

According to the lawsuit, the companies used fraudulent means to convince homeowners who were in danger of foreclosure that they would receive mortgage relief by utilizing the companies’ services. These schemes were largely the same: the companies told the homeowners that they could significantly reduce their mortgage payments for an upfront fee, which was usually in the thousands. They then told the homeowners to stop making mortgage payments and cease communication with banks while the companies allegedly negotiated better deals on their behalf.

Of course, the companies didn’t actually negotiate those deals. This put the homeowners in a more difficult financial situation than they had been in before, and they were also out the large fee they had paid to the companies for their “help.”

In the lawsuits, the FTC accuses the companies of hawking fraudulent mortgage relief schemes that were a violation of the FTC Act and the Mortgage Assistance Services rule. Those laws ban advance payment for mortgage relief services.

The FTC has reportedly filed more than 40 similar lawsuits under its “distressed homeowner initiative,” which is a federal effort to stop predatory mortgage relief for causing harm to homeowners that are already in financial distress. Hopefully, the agency continues to investigate and prosecute those responsible for these harmful, shameful schemes.

Source: CBS News, “FTC sues firms in mortgage aid scam crackdown,” Kathy Kristof, Oct. 9, 2012

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

    Write a review