Loan Modification Firm Fined $50,000 in Nevada

In Carson City, it has been reported that a loan modification and foreclosure consulting firm was fined $50,000 by the state of Nevada. The firm received the fine after allegations were made that it had mishandled the money of homeowners.

Additionally, the state Division of Mortgage Lending issued a closure order against U.S. Loan Modification Services, which is owned by Jeff and Gail Strum. 

The new order alleges that the business didn't keep the money of its clients in a separate account. This measure is required by law.  Allegations were also made that the company converted the money from homeowners for the owners personal use.  The company gained its license in January. 

Are you thinking about filing for Chapter 7 or Chapter 13 bankruptcy due to foreclosure?  If so, contact our law firm now to discuss your options with a San Antonio bankruptcy lawyer who can review your case and financial circumstances.