Mortgage Modifiers under federal investigation

Posted by Rachel Dovey on Fri, Apr 19, 2013 at 1:23 PM

The Press Democrat reports that a Petaluma-based mortgage company is currently under investigation by the Department of Justice. According to the article, several people who were in the midst of foreclosures claim they were swindled by owner Miguel Lopez, who allegedly charged an up-front fee to restructure their mortgages. They claim that he took $2000 and then never actually did anything to help them.


You can read the story here. It reports that the offices of Lopez are apparently unmarked. His Website is down as well.
We have covered the foreclosure crisis before, showing the desperate measures people will take when faced with losing their homes. In Leilani Clark's story House and Home, about the Homeowner Bill of Rights, a Forestville resident tells her: "There have been times that suicide was an option for me."
You can read her story here.

Comments (1)

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There is always something wrong when it comes to things like mortgages and paydayloans. Have you noticed that both of these aspects are under the constant investigation process?! So many fake companies are trying to rip people off...same time it is our fault as well, as we are not as accurate as we could have been! We have to start beng way more responisble about things like mortgages. As take a look, so many frauds have been discovered lately!
Danny from company

Posted by Daniel Faith on 04/22/2013 at 2:08 AM
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