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AG sues Calif. groups over foreclosure mailings

ALBUQUERQUE, N.M. — A group of California businesses and individuals is accused of trying to bilk thousands of New Mexicans by sending out “deceptive” mass mailings about foreclosure relief and home loan modification, according to a federal lawsuit filed Wednesday.

The suit, filed by Attorney General Hector Balderas, says the group’s mailings mimicked a legitimate government program aimed at helping distressed homeowners.

“These mailers were intended to look like official governmental communication and included a logo which used the name `Keep Your Home New Mexico’ to induce homeowners into believing the program was official,” according to an AG’s news release.

The “Keep Your Home New Mexico” program was set up and funded by the state AG’s Office following the foreclosure crisis in 2008, the suit says.

The California group charged upfront fees for its claimed services, which is illegal in New Mexico unless levied by an attorney licensed in the state, the suit says. It names one attorney, Thomas A. Moore, who is from California, and the Roosevelt Law Center, also of California. A list of companies named includes Miracles for Homeowners Marketing, Inc.

The mailings went out in 2013 and 2014 to 4,400 New Mexicans, at least two of whom paid a total of $4,000 in advance payments, according to the suit and to AG spokesman James Hallinan. That money was reimbursed during the AG’s investigation, Hallinan said.

Original Link: http://www.eastbaytimes.com/2016/12/07/housing-groups-sue-fannie-mae-for-failure-to-take-care-of-foreclosed-properties-in-communities-of-color/

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