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02/10/11

North Carolina AG Bans Foreclosure Rescue Company

National Mortgage Professional Magazine reports North Carolina Attorney General Roy Cooper has banned a California foreclosure assistance company, People's First Financial Inc., from offering foreclosure assistance services in North Carolina. A Wake County Superior Court Judge granted Cooper's request for default judgment banning the company and ordering it to pay $9,479.50 in refunds to consumers and $25,000 in civil penalties to public schools.

The case against Peoples First Financial is the thirteenth case won by Attorney General Cooper's Consumer Protection Division against loan modification scams in the past five years.

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