Another “Loan Modification” Company Busted For Advanced Fee

Allison Tussey —  March 18, 2009 — 4 Comments

New Hope Property LLC d/b/a New Hope Modifications was charged in a four count complaint, filed in New Jersey Superior Court, in Camden County, with violating the Consumer Fraud Act, state advertising regulations and the Debt Adjustment and Credit Counseling Act. In addition to New Hope, Donna Fisher and Brian Mammoccio, Mullica Hill, Gloucester County, New Jersey, identified as registered agents of the business in New Jersey, are named as individual defendants.

According to the Attorney General’s lawsuit, New Hope has engaged since 2007 in unlicensed debt adjustment in New Jersey, including mortgage loan modification services, and has falsely represented that it has affiliations with government programs including the Hope Now Alliance. The state charges that, through its Web site, and through agreements with other businesses that provide leads, the unlicensed New Hope has sold loan modification help to distressed homeowners, failed to deliver on its promises of mortgage loan assistance, and failed to provide refunds once consumers realized they were getting nothing for their money. In one case a Linden, Union County, woman facing foreclosure had a total of $1,500 electronically drawn from her bank account to cover the “fee” she owed New Hope, but received no loan modification help in return.

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Allison Tussey

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4 responses to Another “Loan Modification” Company Busted For Advanced Fee

  1. We too were scammed by New Hope. We sent paperword in for a refund for our $1500 and never received it. Is there a class action against New Hope? Are they still in business? If anyone knows please share. Who is the proper authority to contact?

  2. Rafael Montalvo May 5, 2009 at 6:13 pm

    I was scammed by (Blood Sucker) New Hope Modification can anyone point me in the right direction to get my money and report it to the proper authority.

  3. My wife and I lost $1500 to these frauds. Luckily we are in this lawsuit brought on by the FTC. We are not promised a refund but it’s great knowing their assets are now frozen and they can not continue on this path of deceit. We filed a complaint with the BBB of New Jersey and wrote to our state Rep and state Senator. File a complaint with your state’s Attorney General as well if you have any dealings with this company. Fighting backs does work! Don’t let these weasels prey on those of us struggling in these tough economic times. Together we can defeat these bottom feeders! Report business misconduct, Don’t be a victim!

  4. My husband Larry and I were scammed by
    New Hope Modifications. We lost a total of 1250.00 dollars. We had contacted the
    New Jersey Attorney General but no one
    ever contacted us on how to get our money
    back. We are wondering if anyone could
    help us out on getting our money refunded
    to us and if they know of anyone to help
    us out. Sincerely, Benita and Larry Quast

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