The Real Deal Miami

Feds shut down mortgage relief company

August 26, 2011 01:08PM

The Federal Trade Commission has shuttered Miami mortgage relief company Truman Foreclosure Assistance, after settling a mortgage fraud case that alleged the company regularly charged homeowners upfront fees for modification aid, the Miami Herald reported. The company has been banned from offering mortgage relief services and its owners, Eli Hertz, Benzion Jack Itzkowitz, and Richard Zafrani, instructed to pay $1.8 million in restitution to customers. Truman reportedly charged homeowners between $1,500 and $3,000 for a mortgage modification. [Miami Herald]