Scam

Business
11:59 am
Wed September 26, 2012

Charlotte Companies Sued For Foreclosure Fraud

Two Charlotte-based foreclosure assistance companies, Community Mortgage Assistance Program and Lender Exchange were sued by North Carolina Attorney General Roy Cooper for foreclosure fraud.

The North Carolina Attorney General’s office filed a lawsuit against three mortgage loan modification companies on Friday. Two of the three companies are based in Charlotte.

According to the lawsuit, one of the companies, Community Mortgage Assistance Program, charged customers up to $1,500 in advance. 

Koy Chiu is executive director of the company. On her website, Chiu advertises: “TIRED OF MODIFICATION SCAMS?! KNOWLEDGE IS POWER! SAVE YOUR HOME TODAY!”.

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