Here is an article from the news in New Jersey
Http://www.courierpostonline.com/article0313/NEWS01/903130355/1006
Twenty-three consumers living in New Jersey and out of state have filed complaints against Hope Now Financial with either the Division of Consumer Affairs or the Better Business Bureau, officials said. The total amount of money paid by those victims to Hope Now Financial exceeds $29,000.
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New Hope Modifications is accused of victimizing New Jersey consumers and those living out of state. Company officials are charged with similar fraud for representing themselves as having an affiliation with the Hope Now Alliance and for also selling loan modification services that never were provided. The state has identified 80 victims of New Hope and the total amount of money collected from those victims exceeds $98,000.
"This kind of predatory activity is reprehensible, especially in this economic climate and will not be tolerated, " said Department of Banking and Insurance Commissioner Steven M. Goldman.
"Struggling homeowners were led to believe these companies would help them, but instead the homeowners were exploited. Any individual or financial services organization that attempts to defraud consumers will be subjected to the maximum penalty the law allows."
With the lawsuits announced Thursday, the state has filed a total of eight mortgage fraud complaints since last June naming 87 individual and corporate defendants.
Twenty-three consumers living in New Jersey and out of state have filed complaints against Hope Now Financial with either the Division of Consumer Affairs or the Better Business Bureau, officials said. The total amount of money paid by those victims to Hope Now Financial exceeds $29,000.
New Hope Modifications is accused of victimizing New Jersey consumers and those living out of state. Company officials are charged with similar fraud for representing themselves as having an affiliation with the Hope Now Alliance and for also selling loan modification services that never were provided. The state has identified 80 victims of New Hope and the total amount of money collected from those victims exceeds $98,000.
"This kind of predatory activity is reprehensible, especially in this economic climate and will not be tolerated, " said Department of Banking and Insurance Commissioner Steven M. Goldman.
"Struggling homeowners were led to believe these companies would help them, but instead the homeowners were exploited. Any individual or financial services organization that attempts to defraud consumers will be subjected to the maximum penalty the law allows."
With the lawsuits announced Thursday, the state has filed a total of eight mortgage fraud complaints since last June naming 87 individual and corporate defendants.
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