Alderman Madeline Haithcock has vowed to block a Chicago, Illinois development being proposed Mansion View Development because its principals are the wives of two men who were involved in Easy Life Real Estate System Inc. In 2001, Easy Life paid $1.3M to settle a class action lawsuit concerning the sale of alleged substandard homes to unqualified buyers. Richard Nelson, a principal of Easy life, was sentenced to 15 months in prison for fraudulently obtaining FHA loans in connection with the purchase of those homes by contributing the downpayments. The other principal of Easy Life was Louis Prus.
Alice Prus claimed Mansion View Development was not involved in the Easy Life practices of the 1990s and has a record of building quality homes.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.