FTC Takes Action on Fraudulent Mortgage Relief Companies

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Every cent counts these days. And it is no wonder that scam programs are on the rise, including many socalled mortgage relief companies that promise to reduce your mortgage but deliver nothing. Of late the FTC has taken action on several fraudulent mortgage relief companies.

It is rather common for innocent homeowners looking for mortgage relief to fall for such companies, which is why the FTC has been stepping up their surveillance of these fraudulent schemes. Thus far, the FTC has shut down 85 companies that had been advertising their services online through Google advertising. The giant search engine company has also suspended the accounts of the companies concerned and has been cooperating with government efforts to fight this type of fraud. The FTC said they will continue to monitor Google’s efforts in being more vigilant in vetting through advertising campaigns from companies.

Please see full article below for more information.

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Published In: Antitrust & Trade Regulation Updates, Communications & Media Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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