Florida isn’t the only state dealing with shady foreclosure rescue operations and loan mod shops popping up like mushrooms: Nevada is getting new complaints every day and has trouble addressing certain types of these scams due to statutory loopholes.
Waltuch said his state office has the statutory authority to go after foreclosure consultants but not loan modification consultants who work with properties not in foreclosure. He said his agency work in a roundabout way using loopholes available through the Consumer Affairs Division.
[via HETR]
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