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 legal career in Cheyenne, Wyoming as a law clerk for the district court judges. Mr. Hutchins then entered private practice with a Wyoming based litigation and business law firm. 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 municipal law. The State of Wyoming hired Mr. Hutchins from Alaska to represent the State of Wyoming in the national tobacco arbitration and act as its tobacco settlement attorney. While in that position, as a hobby, he developed an enforcement unit for consumer protection for Wyoming residents. Mr. Hutchins moved to Colorado in 2016 and founded Harmony Law, LLC. Harmony Law is primarily engaged in civil litigation. It is also a general practice firm in the areas of business law, estate planning, consumer law and family law. Harmony Law is active in all state and federal courts throughout Wyoming and Colorado.


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