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03/09/11

LMSPN Files Lawsuit against "Elaborate Network" of NY Scam Companies

 

This morning, the Lawyers' Committee and pro bono counsel Davis Polk & Wardwell LLP filed a lawsuit in Nassau County, NY, on behalf of local homeowners who were scammed by a complex group of for-profit loan modification companies.  The suit, Rush v. Save My Home, aims to permanently enjoin the deceptive practices of several closely related entities that operate in Garden City, mostly out of a single building complex at 591 & 595 Stewart Avenue.  The many names used by these scammers over the course of their operations include "Save My Home," "Save My Home Now," "Selig Law Group," "Express Modifications, Inc.," "Express Debt Solutions," "Express Home Solutions," "Express Home 411," "Empire Home Saver, Inc.," and "Empire Home Savings." 

In typical fashion, these entities pose as experts on mortgage modification issues and promise various relief services in exchange for upfront fees.  Ultimately, the companies fail to provide the promised services, cheating vulnerable homeowners out of thousands of dollars and leaving them in financial turmoil.

In addition to the lawsuit, the Lawyers' Committee and Davis Polk will be assisting other New York-area victims of loan modification scams in creating legal documents and filing individual actions, free of charge.

Through its Loan Modification Scam Prevention Network (LMSPN), the Lawyers' Committee leverages vast pro bono resources and its unique complaint database to provide relief to consumers targeted by loan modification scams.  The LMSPN includes representatives from key governmental agencies, national affiliates, and state and local enforcement offices. 

Click here to read the full press release.

Click here to read the complaint.

For more news coverage on this case, click here.

To report a report a complaint against the entities named in Rush v. Save My Home, emailscam.intake@davispolk.com.

Homeowners who believe they have been the victim of a scam are encouraged to call either 311 in New York City or 888-995-HOPE (4673) or visit www.preventloanscams.org and click the link "Report a Scam!