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Consumer Alert: Amerimod

NEW YORK, NY (November 19, 2009) -- On August 13, 2009, the New York State Attorney General filed a lawsuit against Amerimod, Inc., The American Modification Agency, Inc. (“Amerimod”) and its owner Salvatore Pane, Jr. alleging a wide variety of illegal and deceptive business practices and false advertising related to Amerimod’s home mortgage modification business. It has recently come to the Attorney General’s attention that Amerimod has vacated its former headquarters in Uniondale, NY and is not currently operating its loan modification business.

If you were an Amerimod customer and have not received a mortgage modification, you should contact your lender immediately and explore other available resources to assist you with obtaining a modification and avoiding foreclosure, including consulting an attorney or a government-approved housing counselor. A list of not-for-profit housing counselors is available on the New York State Division of Housing and Community Renewal’s website at www.nysdhcr.gov/Programs/ForeclosurePrevention/CounselListing.htm. You may also call the Federal Housing Administration at 1-800-CALL-FHA or visit www.fha.gov to obtain foreclosure assistance and for helpful information as you reach out to your mortgage lender. In addition, you may refer to http://www.makinghomeaffordable.gov/ for useful information and resources concerning the federal government’s Making Home Affordable refinancing and loan modification programs.

For additional information and tips on avoiding foreclosure, visit the Attorney General’s foreclosure rescue web page: http://www.oag.state.ny.us/features/foreclosure_rescue_scams/about.html.

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