Massachusetts Attorney General Warns on Mortgage Modifications

08 May Massachusetts Attorney General Warns on Mortgage Modifications

Yesterday on Greater Boston (the PBS television program) Martha Coakley, the Massachusetts Attorney General, warned consumers against the increasing number of scams promising mortgage modifications for an upfront fee. The number of these scams have been increasing due to the economic crisis.

Ms. Coakley language was very general and might have the unintended consequence of scaring consumers away from legitimate means of mortgage relief, such as Chapter 13 bankruptcy. Chapter 13 bankruptcy is a legal and well-established path for people to cure mortgage arrears and, often, to strip off unsecured second and third mortgages.

However, non-attorneys cannot represent people in bankruptcy and companies that promise otherwise are always in business to scam consumers out of their precious financial resources.

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Nicholas Ortiz, Boston Bankruptcy Attorney

From Attorney Ortiz: We have been helping consumers and small businesses in Massachusetts successfully navigate through the bankruptcy process since 2002. We offer free initial consultations and payment plans. Call us at 617-716-0282 to discuss your debt relief options. Mention the Bankruptcy Law Network when you call!

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