FTC Charges Mortgage Relief Operation with Deceiving Distressed Homeowners

WASHINGTON, D.C. – March 7, 2011 – (RealEstateRama) — As part of the Federal Trade Commission’s continuing crackdown on scams that target homeowners behind in their mortgage payments or facing foreclosure, the FTC has charged a national operation with marketing bogus loan modification services. The FTC seeks to stop the illegal practices and make the defendants pay refunds to consumers