Five loan-modification firms ordered to stop work in Md.

November 25, 2009

The state ordered five loan-modification companies Tuesday to stop operating in Maryland, part of a nationwide push to stamp out mortgage-help scams. The companies promised to help negotiate lower mortgage payments for homeowners, but instead they took the money and did nothing, the state Department of Labor, Licensing and Regulation said. Hundreds of Marylanders paid an average of about $3,500 each to the companies, said Stephen Prozeralik, assistant commissioner for enforcement. Cease-and-desist orders went to Equity Recovery Services LLC, U.S. Equity Solutions LLC, Save My Home USA Co. Inc., GIAN Inc. and Help Modify Now Inc., along with affiliates and arms operating under other names.

- Jamie Smith Hopkins | The Baltimore Sun

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.