There are lots of homeowners searching for modifications of their mortgages. Many are looking out of state for help and some are ending up with unlicensed agents who may do nothing more than take your money.
Otis Pimpleton is a hard working proud man. He's lived in his south Seattle home for 33 years.
"I am trying to keep what I have. I have worked three jobs to keep what I have," Otis said.
Otis spent over two decades working at the University of Washington as well as midnight shifts at a laundry company and catering events on the weekends.
"Because I wanted my family to have an earnest life with me making it for them."
The long hours Otis spent away meant his kids would have a good place to sleep. But what's keeping Otis up at night is a deal he made for a mortgage modification. $2,495 was due up front.
In February, Otis got a call from the law offices of Robert V. Rosenwasser in Florida. They offered to negotiate lower monthly payments for him, all with 100 percent money back guarantee.
"They didn't do anything for me. Nothing."
When Otis couldn't get his money back, he called me. So I asked Deb Bortner from Washington's Department of Financial Institutions about Mr. Rosenwasser.
"He shouldn't be doing business here," she said.
Rosenwasser needs isn't licensed to do business in Washington state.
"No one should be giving loan modifications unless they are licensed," Bortner said.
Bortner has contacted Rosenwasser, but he hasn't responded.
However, he did contact us. Rosenwasser said he got caught up with a company called Florida Friendly Financial Services that marketed loan modifications in his name. In an e-mail, he adds "I ceased my association with them," claiming he "never made or pocketed one thin red cent" from the Friendly Financial files and he promises to "do right by the Pembertons."
Nice. But his name is Pimpleton. Otis Pimpleton.
A promise, but no payment for months. I went back to the state and now they are taking steps to contact the Florida Bar Association, who may make a move on Rosenwasser's law license.
"We're hoping that he's interested enough to keep his license down there so there aren't big complaints and we're hoping he pays these people back," said Bortner.
Rosenwasser tells us he's trying to get money to pay people back by suing the guy who got him into trouble.