Thursday, January 22, 2015

Zebulon man accused of mortgage scam


A Zebulon mortgage broker is accused of failing to refinance home loans and pocketing thousands of dollars in fees, the Attorney General's Office said Thursday.

Attorney General Roy Cooper filed a complaint late Wednesday in Wake County Superior Court against Carolina Mortgage Group and its president and primary owner Jeffrey D. Cox for violating state laws against unfair business practices.

“Homeowners trying to get a better interest rate shouldn't get ripped off,” Cooper said. “Taking money upfront and then failing to do the job is against the law, so we must take action.”

The mortgage broker previously had offices in Zebulon and Wilson. The Attorney General is asking the court to permanently ban the defendants from the mortgage loan business in North Carolina and order them to pay refunds to consumers and civil penalties.

The complaint claims that Cox told consumers he could help them refinance loans on their homes and other properties for a low interest rate and close on the new loans in as little as 30 days. He asked consumers to pay him a fee of about 1 percent of the total amount of their mortgage and also asked them to pay for an appraisal.


  1. Whether you're buying your Best Wisconsin Mortgage Broker first home or moving up to a bigger one, the basic steps in the purchase process are the same.Fannie Mae Home Our Purchase Service guides you throughHome Loan Grants this process, ensuring that you are Ill-prepared andBest Wisconsin Mortgage Broker receiving great advice every step of the way.

  2. Yes, that is a good opportunity for home loan who are thinking to get home loan he/she must know this post because you have include a important subject.


Comments are Welcome.