1st California Law Inc. Articles Orange County Man & 6 Others Arrested for Defrauding Desperate Home Owners

Orange County Man & 6 Others Arrested for Defrauding Desperate Home Owners

By 1st California Law, Inc.  Mar. 17, 2014 2:24p

60-year-old M.S. of Orange County along with six other men is facing felony charges for allegedly taking advantage of home owners who were seeking ways to be able to keep their homes. M.S. is accused of working with a firm which illegally charged up-front fees for services that were advertised to those who were in danger of being foreclosed upon and losing their homes. The company reportedly actively sought home owners who wanted to lower their mortgage payments through a loan modification. The complaint against the suspects states that between January 2007 through March 2010 clients were told that the company guarantees that they will be able to obtain a loan modification on the client's behalf. The clients were then instructed to pay their monthly payments to the firm rather than their mortgage lender while the lender was negotiated with. Many home owners did not get a loan modification resulting in the loss of their homes to foreclosure in addition to having paid the firm fraudulent up-front fees. The seven suspects were arrested and indicted on 24 felony counts for grand theft, conspiracy, personal income tax evasion and corporate income tax evasion. The president of the firm is being held in lieu of $75,000 bail and faces the possibility of up to 12 years in prison while the other six men had bail set at $50,000 each and could be sentenced to up to eight years' incarceration each. Authorities suspect that other home owners may have been victims of this alleged scheme and have urged victims to file an online complaint with the California Attorney General's Office.

Make sure you get the help you need with a legitimate loan modification specialist!

If you are struggling to keep up with your mortgage payments or are otherwise in serious danger of losing your home then speak with a bankruptcy attorney skilled in foreclosure defense representation. Having an actual attorney on your side can help ensure that you are made aware of all your options and not taken advantage of in desperate financial times.

Contact a Foreclosure Defense Lawyer Today

Don't hesitate to contact our dedicated legal team at 1st California Law, Inc. today to schedule a free initial consultation. We understand how stressful it is to be trapped by in an underwater mortgage or if you have other situations resulting in overwhelming debt. It may be possible to get you back on your way to financial stability sooner than you may have hoped!

Other Recent Articles

Could Student Loans be the Cause of the Next Economic Crisis?

While America is slowly recovering from the home mortgage crisis experts fear that another financial crisis may be on the horizon.
More Articles »

Awareness of Options Becomes Increasingly Important as OC Foreclosure Rates Continue to Decrease in 2013

Home foreclosure rates in Orange County and throughout the state are continuing to show a strong decrease in the first two months of 2013.
More Articles »

What to Expect After a Personal Bankruptcy

For those who find that filing for bankruptcy protection is the right move for them and their family the first thing most often experienced is an enormous sense of relief.
More Articles »
(949) 313-7252
1212 N. Broadway Street Suite #243
Santa Ana, CA 92701

Office Hours:
Mon-Fri 9 AM-5 PM

Main Website:
View Website
Contact our office by email or phone instantly by clicking the options below: