In the government’s ongoing effort to stop mortgage relief scams, the Federal Trade Commission announced today a settlement to collect $2.2 million from marketers accused of misleading consumers.
The settlement bans Kirkland Young LLC and the defendants in the case from selling mortgage relief services and permanently prohibits them from misleading consumers about financial-related services.
Kirkland Young is accused of targeting consumers who faced foreclosure.
The FTC said the company left telephone messages for consumers stating they wanted to approve the consumers for a loan modification and falsely promised to stop the foreclosure.
Kirkland Young LLC and the defendants have surrendered assets worth $2.2 million for consumer refunds.
“If you’re worried about keeping your home, avoid any company that asks for a large fee in advance, guarantees that they’ll stop a foreclosure or modify a loan, or tells you to stop paying your mortgage company and to pay them instead,” FTC Chairman Jon Leibowitz warned.
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