Network News

X My Profile
View More Activity
About this Blog   |   On Twitter   |   Follow us on Facebook   |   RSS Feeds RSS Feed
Posted at 4:16 PM ET, 12/20/2010

Mortgage company to pay fine for illegal fees, Cuccinelli says

By Rosalind S. Helderman

A mortgage modification company that had been illegally charging customers fees before providing emergency foreclosure help has agreed to refund customers and pay a $5,000 fine, Attorney Gen. Ken Cuccinelli (R) said.

In November, Cuccinelli filed suit against the American Neighborhood Housing Foundation, a Chesapeake-based company that also operated a Richmond office for three years, charging that the fees violated the Virginia Foreclosure Rescue and the Virginia Consumer Protection Act, by guaranteeing the company could halt foreclosures.

In a statement, Cuccinelli said the company has agreed to refund more than $94,000 to 273 customers nationally, as well as pay the fine and $10,000 to cover attorney fees. The company has also agreed to stop charging $1,500 in advance of providing foreclosure services and to stop guaranteeing that it can save people's homes.

"People are very vulnerable in this economy and are desperately seeking help, so it is especially important that we make sure those in the mortgage industry are playing by the rules and not playing on people's desperation," Cuccinelli said in a statement.

By Rosalind S. Helderman  | December 20, 2010; 4:16 PM ET
Categories:  Ken Cuccinelli  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: McDonnell tells FOX Business his proposal will help shore up state pension system
Next: McDonnell: Va. National Guard should follow 'don't ask, don't tell' repeal

Comments

Kudos to AG Cuccinelli! He is truly looking out for Virginians. Thank you, thank you, thank you!

Posted by: kayla1025 | December 20, 2010 4:55 PM | Report abuse

See, of course this isn't going to make any headlines. Just part of the job to protect citizens

Posted by: I_can_see_DCfrommyhouse | December 20, 2010 11:53 PM | Report abuse


Before you refinance, check your credit report for anything that could foul up a refinance. You don't want to lay out the money if a credit problem is going to keep you from refinancing, search online for "123 Mortgage Refinance" I just used them and they are the best, they got me 3.113% rate

Posted by: alicehart123 | December 21, 2010 12:53 AM | Report abuse

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company