FTC Settlement Requires “U.S. Homeowners Relief” Defendants to Pay Millions, Bans Them from Debt and Mortgage Relief Business

WASHINGTON, D.C. – December 15, 2011 – (RealEstateRama) — Six defendants have agreed to settle Federal Trade Commission charges that they participated in a fraudulent mortgage modification and foreclosure relief scheme. The settlement orders require five defendants to pay back millions in ill-gotten gains, and permanently ban all six from selling any mortgage assistance or debt relief products. The settlements with the U.S. Homeowners Relief defendants are part of the agency’s ongoing crackdown on frauds targeting consumers in financial distress.