Industry NewsMortgage

Florida targets mortgage rescue firms

Obama's voice allegedly used to recruit victims

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Florida officials are suing four related companies that were allegedly collecting up to $1 million a month in up-front fees for loan modification services that they failed to deliver, soliciting consumers through the Internet and automated phone calls using President Barack Obama's voice.FHA All Day.Com, the company's owner, Jason Vitulano, and three other affiliated companies are accused of failing to perform services promised to homeowners facing foreclosure, after the Florida Attorney General's office received more than 300 complaints.The companies allegedly charged up to $5,000 for loan modification services, claiming to have an attorney on staff even though investigators found no evidence that attorneys were working on any files, Attorney General Bill McCollum said in a press release.The Miami Herald reported that one recorded call the companies allegedly used to solicit business began with a man saying, "Message from our president," followed by a recording of Obama sayi...