Foreclosure Rescuer Charged With Advance Fee Scam

Allison Tussey —  March 18, 2009 — 8 Comments

Hope Now Financial Services was charged in New Jersey Superior Court, Camden County, in a three-count complaint, with violation of the Consumer Fraud Act by, among other things, making numerous misrepresentations and false promises, and with violation of state advertising regulations. The complaint charges that Hope Now Financial placed content on its Web site designed to deceive consumers into believing it was affiliated with the Hope Now Alliance, a legitimate non-profit organization that provides credit counseling and free foreclosure prevention.

The lawsuit also charges that Hope Now Financial charged already-distressed consumers thousands of dollars in upfront fees for loan modification services, but failed to provide any such services. Ultimately, the lawsuit charges, consumers fell further behind on their mortgage payments, making the threat of foreclosure more likely. In addition, the state charges that Hope Now Financial failed to provide refunds to consumers who requested them upon realizing they were receiving no services for their money. Among Hope Now‘s victims were a husband and wife from Eagleswood Township, Ocean County, New Jersey, who had more than $2,800 billed to their credit card by the defendants, received no loan modification services, and ultimately confronted foreclosure after they stopped paying their mortgage on the advice of a company representative.

 New Jersey Attorney General Anne Milgram made the announcement.  The case is titled Milgram v. Hope Now Financial Services.

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Allison Tussey

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8 responses to Foreclosure Rescuer Charged With Advance Fee Scam

  1. Hi,
    This is very good deal for all who want to buy their new house. Interest rate is low.
    Thanks for sharing

    Credit counseling Texas

  2. He is the biggest piece of crap in the toilet.

  3. We were a victim of this scam. I have filed complaints with the Federal Trade and NJ Consumers.
    I can’t believe these people. I was told there were about 500 cases. I am sure it is more.
    I was trying to reach the federal program but kept reaching them on the internet. OHHHH!!!

  4. I worked for Brian M. way back in the day. He was doing fraud then and he is no doubt the mastermind of this. He’s human garbage. I left his company and told plenty of people what I saw. Nothing happened. I guess now it matters? I’m sorry to hear he is still ripping people off. He must be upset about his plugs.

  5. New Hope took 1,250 from me and also told my wife and I that they were doing our modifaction since Nov08 and we never got any results and them we got this e-mail saying that new hope was a scam. To make a long story short due to the fact I am getting mad all over again we all most lost our house we have to make double payments for a year to keep our house these people need to be locked up for doing these things to people in this time of hardship, I hope and pray that all of the families that was a victim of this crime make it though this tough time. The money that they stole from all of us could had went towards our mortgage’s I hope the judge throws the book at them.

  6. Robin, you are in luck since you put the charge on a debit card you can dispute it with your bank.

    Good Luck

  7. HOPE NOW MODIFICATION TOOK 3600.00 FROM MY DEBIT CARD AND WAS TOLD BY RODNEY TAYLOR THAT THEY WERE WORKING ON MY MODIFICATION AND WERE WAITING ON RELEASES FROM THE BANK WHEN I CALLED THE BANK THEY HAD NEVER EVEN CONTACTED THEM IN ANY WAY. NOW I AM OUT 3600.00 .
    I TO HAVE FILED A COMPLAINT WITH NJ ATTORNEY GENERALS OFFICE AND I THINK THERE IS MORE PEOPLE OUT THERE AND JUST DON’T KNOW IT YET THAT THEY WERE SCAMED BECAUSE AS OF LAST WEEK THEY WERE STILL CALLING ME TELLING ME THEY WERE WORKING ON.

  8. Michael and LeeAnn Vigil March 20, 2009 at 1:14 am

    We have also been working with New Hope for our mortgage modification as of Feb 09. We paid for the services $1500.00 and was told that our case went to the medigation department and was assigned a case worker by the name Maria. I spoke with Brian Mamoccio on four different occasions and he assured me that they are working on our modification. We received a email from a employee stating that the company was a scam and that there is no one working on our modification and that we should request a refund. I contacted New Hope and talked with Mr. Mamoccio and he stated that the employee was layed off and upset and that his lawyers are looking into the employees to file a suit against them. He was apologitic and assured me that he and his company are doing everything that the contract stated that they would do. I have not been able to contact anyone in the company and all calls are going into a general voicemail. We are also a victim of this company and want everyone to know that this is serious. i have file a complaint with the attorney generals office and consumer affairs in New Jersey. i recommend that anyone who was a victim with this should also do the same.

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