A Palm Beach Circuit Court judge granted the Florida Attorney General's Office an emergency ruling Friday, requiring four mortgage modification operations to cease doing business: FHA All Day.Com, Safety Financial Services, Housing Assistance Law Center and Housing Assistance Now.
Last week investigators found bags of shredded paperwork and chaos at a Deerfield Beach storefront that was once the address for at least two of the businesses.
Victims will be in court to testify on Thursday. Regulaters state that the companies made illegal telemarketing calls using President Obama's voice and charged up to $5000 up front to modify existing home loans. This is a violation of the 2008 Foreclosure Rescue Fraud Prevention Act. Then, nothing at all was done for consumers months after the signed up.
Jason Vitulano, the owner of FHA All Day and the person officials say was connected with all four companies, is required to get court permission before transferring any assets worth more than $1000.
The Florida attorny general is currently invesitgating 81 mortgage modification companies.
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