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In the following To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. New Jersey Attorney General Anne Milgram announced that she has filed a fraud law suit against New Hope Property LLC d/b/a New Hope Modifications in the Superior Court in Camden County, the state’s To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. charges New Hope with violating the Consumer Fraud Act, state advertising regulations and the Debt Adjustment and Credit Counseling Act. In addition to New Hope, Donna Fisher and Brian Mammoccio, identified as registered agents of the business in New Jersey, are named as individual defendants. Both Fisher and Mammoccio reside in Mullica Hill, Gloucester County.

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According to the state’s lawsuit, New Hope has engaged since 2007 in unlicensed debt adjustment in New Jersey, including mortgage loan modification services, and has falsely represented that it has affiliations with government programs including the Hope Now Alliance. The state charges that, through its Web site, and through agreements with other businesses that provide leads, the unlicensed New Hope has sold loan modification help to distressed homeowners, failed to deliver on its promises of mortgage loan assistance, and failed to provide refunds once consumers realized they were getting nothing for their money. In one case a Linden, Union County, woman facing foreclosure had a total of $1,500 electronically drawn from her bank account to cover the “fee” she owed New Hope, but received no loan modification help in return.
With the lawsuits announced today, the state has filed a total of eight mortgage fraud complaints since last June naming 87 individual and corporate defendants. Milgram noted that the fraud schemes charged in those complaints have run the gamut, and have included those aimed at victims seeking to own investment properties, those hopeful of improving their living situations via “rent-to-own” opportunities and, more recently, in keeping with the societal trend, property owners in need of foreclosure rescue assistance.


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