California Real Estate Fraud Report

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24
Sep

Home loan modification firm target of the FTC

Two men  who were prosecuted the U.S. Attorney’s Office in 2003 are now the subject of a new investigation by the Federal Trade Commission (FTC). Glen Rosofsky and Bryan Rosenberg were prosecuted in 2003 in a mortgage fraud case that prosecutors said involved up to $2.5 million in losses.

Now Rosofsky and Rosenberg have been indicted, along with Michael A. Trap, of fraud for illegally charging distressed homeowners up to $3,000 for loan modifcation services. The legal action includes the three men, as well as Nations Housing Modificatin Center and Infinity Group Services. has filed fraud charges against a San Marcos company for allegedly offering to help modify homeowners’ loans if they pay up to $3,000 for a service that is usually free.

Read the Full Article in the San Diego Tribune.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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