The Federal Trade Commission, through an administrator, is mailing checks totaling nearly $3 million to over 6,300 consumers who were victims of a mortgage relief scheme. Using names such as Prime Legal Plans and Reaching U Network, the defendants allegedly made false promises that they could help consumers save their homes from foreclosure or lower their mortgage payments.
The checks must be cashed on or before July 21, 2014. The amount consumers will receive varies depending on how much they lost. Consumers who have questions should call 1-877-291-8511 or visit www.FTC.gov/refunds. The FTC never requires consumers to pay money or provide information before redress checks can be cashed.
Consumers should carefully evaluate offers of help in lowering their mortgage payments or saving their homes from foreclosure. Consumers should also know that it is illegal for anyone to collect money up-front for loan modification or foreclosure rescue services. For more information see: Mortgage Relief Scams.