South Jersey Man Charged In Loan Modification Scheme; Police Seek More Victims

A Mount Laurel man has been charged with one count of third-degree theft by deception in an alleged fraudulent loan modification deal, the Camden County Prosecutor’s Office and Collingswood Police Department announced Tuesday morning.

Scott Feltman is alleged to have signed a contract with the victim to act as the mortgage broker under the guise of Baymar Capital Funding LLC for a loan modification.

However, he never applied that money to the victim’s mortgage, and the victim was ultimately evicted from their home, authorities said.

Detectives believe there could be more victims who have not come forward.

Anyone who has dealt with Feltman or Baymar Capital, or has more information related to this type of fraudulent activity is urged to contact the Camden County Prosecutor’s Office Sergeant Michael Molle at 856-225-8674. Information may also be emailed to ccpotips@ccprosecutor.org.