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Foreclosure Prevention - If it seems too good to be true . . .

Posted by Clyde Hutchins | Jun 11, 2018 | 0 Comments

The Federal Trade Commission recently banned an individual from engaging in any debt relief businesses. The individual had been involved in a mortgage relief scheme. The scheme promised homeowners a way out of foreclosure and more affordable mortgage payments. The scheme would charge $3,900 in advance fees. It promised a 98-100% success rate. The entities involved, Preferred Law PLLC, Consumer Defense LLC and American Home Loans used doctored government logos to make it appear that they were endorsed by a federal affordable loan modification program.

The success rate was not as good as advertised. Many of the people that were induced into participating in the scheme lost their homes through foreclosure.

The moral of the story for consumers is that if it seems to good to be true, it probably isn't true. If someone is promising a 98% success rate in resolving your debt situation, they are most likely over promising.

About the Author

Clyde Hutchins

Clyde Hutchins is the founder of Harmony Law. Mr. Hutchins started his career as a lawyer in Cheyenne, Wyoming. First gaining experience as a law clerk for the district court judges, Mr. Hutchins entered private practice with a Cheyenne firm focused on civil litigation, business law and some general practice law. Later, Mr. Hutchins went to Alaska, where he was the chief litigator for a firm that engaged in bond law, corporate law, securities law, and the broad reach of municipal law. Mr. Hutchins returned to Cheyenne to represent the State of Wyoming in the national tobacco arbitration. While in that position, he developed the consumer protection unit for the Wyoming Attorney General's Office. He led over 120 investigations and enforcement actions in Wyoming and worked on numerous joint cases with the Federal Trade Commission and other states, including Colorado. Mr. Hutchins relocated to Colorado in 2016 and founded Harmony Law. Mr. Hutchins has established Harmony Law in three principal areas of law. First, it is a general practice firm in the areas of business law, estate planning and family law. Secondly, it is a civil litigation firm, practicing law in state and federal courts throughout Wyoming and Colorado. Finally, it is one of the few firms in Wyoming or Colorado that focuses on consumer protection law.

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Harmony Law is one of the few law firms in Colorado and Wyoming that focuses on consumer law. If you have a consumer law issue, please feel free to call 970-488-1857 and speak with Mr. Hutchins.

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