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Maine Shuts Out 15 Mortgage Rescue Companies 

Jul 08, 2009By

Regulators in Maine ordered 15 so-called “mortgage rescue” companies to stop doing business in the state because they took advanced fees from homeowners but did nothing to help their clients. According to Will Lund, superintendent of Maine’s Bureau of Consumer Credit Protection, the 15 companies – all of them located out-of-state – collected a combined $36,000 from 30 Maine homeowners and have ignored all communication from state regulators.

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