Archives For Loan Modification

Jonathan Lyons, 53, a former sales representative at a company purporting to provide mortgage modification services, Rockville Center, New York, pled guilty in Manhattan federal court for his role in a multimillion-dollar scheme that victimized more than 500 financially struggling homeowners across the country.  Lyons, who was arrested in October 2013, pled guilty before U.S. District Judge George B. Daniels.

According to the allegations contained in the Indictment and related Informations, the plea agreements, and statements made in court proceedings: Continue Reading…

Shayne Harrison Smith, 47, Myrtle Beach, South Carolina entered a guilty plea in federal court in Florence, South Carolina, to Wire Fraud, a violation of 18 U.S.C. § 1343 in connection with a loan modification fraud scheme. Continue Reading…

Robert Walker, 44, North Royalton, Ohio, was sentenced to 33 months in prison.  He previously pleading guilty to five counts of fraud.  Walker operated of a loan modification fraud scheme and defrauded over 90 struggling homeowners out of $286,000.

According to court documents, Walker convinced homeowners on the verge of foreclosure to pay Walker an up-front fee of at least $1,995.  Walker did little or no work to get a loan modification for customers. He promised that 80 percent of the fee would be reimbursed if he didn’t get them a modification. But Walker never intended to reimburse the fees.  When he failed to obtain a loan modification, he refused the promised reimbursement. Continue Reading…

Christopher Paul George, 45, Rancho Cucamonga, California, Crystal Taiwana Buck, 40, Long Beach, California, and Albert DiRoberto, 62, Fullerton, California, were convicted by a federal jury of offering bogus loan modification programs to thousands of financially distressed homeowners who lost more than $7 million when they paid for services, including loan modifications, that were never provided.

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Steven Barry Ruza, 52, Orchard Lake, Michigan, and his company, Home Legal Group, Inc., have been charged with 30 felony counts for allegedly stealing hundreds of thousands of dollars from Michigan victims that were facing mortgage foreclosures.

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David Zak, Revere, Massachusetts, has been ordered to pay $233,600 for discriminating against a group of seventeen Latino homeowners by targeting them with predatory and deceptive mortgage modification advertising.

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Dean Gregory Chandler, 50, Fallbrook, California, and Michael Eccles, 35, Vista, California, were sentenced to 12 and 5 years in prison, respectively, for their roles in defrauding more than 3,000 homeowners across the nation through a sham law firm in Oceanside, California.

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Stephen Choate, 62, Pahrump, Nevada, was sentenced on a charge of pattern of mortgage lending fraud. Choate ran a scam between November 2010 and February 2012, to defraud clients of $11,500 in fees under the guise that he would obtain loan modifications for them.

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Constance Kanary, 52, Toledo, Ohio, is the subject of a two-count indictment charging her with participating a fraudulent home loan modification conspiracy.

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Michael Pelimiano Soriano, 45, Irvine, California, Agustin Navarra Alayon, 52, Canoga Park, California, and Joseph Anthony Q. Oliva, 50, San Jose, California, a real estate broker and two real estate agents who worked together, have been charged with grand theft in a loan modification scheme.

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