Arizona AG Sues Two Companies For Loan Modification Fraud

Posted by Orb Staff on August 17, 2012 No Comments
Categories : Mortgage Servicing

12214_tomhorne Arizona AG Sues Two Companies For Loan Modification Fraud Arizona Attorney General Tom Horne has filed two lawsuits against companies selling fraudulent mortgage modification services to distressed homeowners.

The lawsuits are against Phoenix-based Making All Homes Affordable LLC and its owner, Albert Figueroa, and Tucson-based La Paz Source LLC and its owners, Maria Beltran and Francisco Ramos. Beltran also owns La Placita Multi Services LLC, which is cited in the lawsuit.

Horne's office is charging the defendants with deceptively and willfully targeting the state's Spanish-speaking community. The defendants are accused of providing English-language contracts while verbally providing incorrect translations in Spanish.

‘There is still a significant amount of fallout from the mortgage crisis, and consumers need to remain vigilant when approached about mortgage modification services,’ Horne says. ‘The legal actions that have been filed serve as a reminder that people need to be very careful about dealing only with reputable servicers.’

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