IMO modifications are a simple waste of your time.

If you came thinking this article is about foreclosure mills, you’ll be disappointed.

WSJ-

Attorneys Bradford Rieger and Chance Gordon had court cases this summer—as defendants accused of participating in mortgage-related scams.

Mr. Rieger, who faced criminal charges, and Mr. Gordon, who faces civil allegations, are part of what law-enforcement officials and members of the legal community say is a disturbing twist in mortgage-fraud cases in recent years: Many of the alleged wrongdoers hold law licenses.

Mr. Rieger pleaded guilty in a New Haven, Conn., federal court to a fraud-related count tied to a multimillion-dollar scheme against lenders, and faces sentencing. Mr. Gordon allegedly took part in an “unlawful mortgage relief scheme that preys on financially distressed homeowners nationwide by falsely promising a loan modification in exchange for an advance fee” of up to $4,500 a person, according to a pending civil suit filed in federal court in Los Angeles by the Consumer Financial Protection Bureau.

[WALL STREET JOURNAL]

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